$1,950,000
12369 COUNTY ROAD 16 Coldwater, ON L0L2C0
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$1,950,000
Est. payment /mo
8 Beds
8 Baths
6,556 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,556 sqft
Price per Sqft $297
Subdivision Se57 - Coldwater
MLS® Listing ID 40609857
Bedrooms 8
Originating Board Barrie & District Association of REALTORS® Inc.
Year Built 1974
Lot Size 1.354 Acres
Acres 58980.24
Property Description
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:24570)
Location
Province ON
Interior
Heating Baseboard heaters, ,
Exterior
Garage Yes
Community Features Quiet Area
Waterfront No
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Story 2
Sewer Septic System
Others
Ownership Freehold
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Listed by Sutton Group Incentive Realty Inc. Brokerage
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Kevin Scharfenberg
Personal Real Estate Corporation | License ID: 180491
Personal Real Estate Corporation License ID: 180491