423 Superior Street
423 Superior Street
Overview
Madison Court Apartments is a jewel of an apartment building. Many new and recent upgrades including exterior painting, landscaping & irrigation, signage, exit & entrance doors, awnings, parking lot paving, fencing, intercom system, torch-on roof, vinyl thermal pane windows, domestic hot water boiler, common area carpeting, tiling & painting. Suite upgrades include modern kitchens & bathrooms, cabinets, appliances and floor coverings. The building was built in 1967 and comprises 3 storey frame construction, exterior stucco finish and 14 suites. Coin-operated laundry is available onsite. Hot water and parking is provided by the landlord and is include in the tenant’s rent. The heat is electric baseboard and is paid directly by the tenant. The property is a carefree investment with substantially renovated and updated suites and building in an excellent rental location.
| Asking Price | $1,699,000 |
| Cap Rate | 4.6% |
| Heating | Electric baseboard |
| Hot Water | Gas fired boiler |
| Land Size | 7,950 sq. ft. |
| Parking | 8 spaces |
| Suite Mix | 13 studio 1-1 bedroom |
| Suites | 14 |
| Year Built | 1967 |
| Zoning | R3-2 Multiple dwelling |
