Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold as is where is with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project. (id:45412)
| MLS® Number | 40609857 |
| Property Type | Multi-family |
| CommunityFeatures | Quiet Area |
| Features | Crushed Stone Driveway |
| ParkingSpaceTotal | 10 |
| BathroomTotal | 8 |
| BedroomsTotal | 8 |
| BasementType | None |
| ConstructedDate | 1974 |
| ExteriorFinish | Stone, Vinyl Siding |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric, Propane |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| SizeInterior | 6556 Sqft |
| UtilityWater | Well |
| Detached Garage |
| AccessType | Road Access, Highway Access |
| Acreage | Yes |
| Sewer | Septic System |
| SizeFrontage | 298 Ft |
| SizeIrregular | 1.354 |
| SizeTotal | 1.354 Ac|1/2 - 1.99 Acres |
| SizeTotalText | 1.354 Ac|1/2 - 1.99 Acres |
| ZoningDescription | Rm2 |
https://www.realtor.ca/real-estate/27075261/12369-county-road-16-coldwater
Contact us for more information
Shannon Macintyre
Broker
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
© North Link Real Estate Team. All Rights Reserved | Privacy
