Property Description for 540 NOTRE DAME
For sale in Downtown Belle River, 540 Notre Dame is a prime mixed-use investment with value-add potential, offered at $1,399,999. The property includes 6 residential units (4 one-bedrooms, 2 two-bedrooms), 2 renovated commercial spaces (650 & 800 sq ft), and a detached full-brick duplex—all with room for rent increases. Immaculately maintained by owner-management. Current NOI is $81,098 (6.0% CAP) with projected $122,266 (9.1% CAP) through updates and leasing. Several residential units are upgraded, others offer renovation upside. Structurally sound with a roof approx. 8 years old, 8 parking spaces, and free street parking. Ideally located on Notre Dame Street, walkable to shops, restaurants, parks, and the waterfront—this is a rare opportunity in one of Lakeshore’s fastest-growing communities. (id:38686)
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Property Details
Property Tax
: N/AMLS® #
: 25018407
Home Features
Property Type
: MultiFamily
Interior Features
Heating
: Baseboard heaters, Forced air, Electric, Natural gas, FurnaceFlooring
: Laminate, Carpeted, Ceramic/Porcelain
Other
Parking Features
: OtherExterior Features
: Brick, Aluminum/Vinyl
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