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$1,100,000
Est. payment /mo
8 Beds
6 Baths
3,499 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,499 sqft
Price per Sqft $314
Subdivision Saugeen Shores
MLS® Listing ID X10402754
Bedrooms 8
Originating Board London and St. Thomas Association of REALTORS®
Property Description
You will receive approximately $9600 gross income every month from the day you close on this fully rented 6 plex. This property has been rebuilt to an open concept loft design with white quartz countertops, stainless appliances and gas fireplaces to attract and keep good paying tenants. It sits in a convenient, quiet area. Walk tree lined streets or stroll the downtown shopping and restaurants. The grassed private yard itself is inviting with picnic table and big trees. This property will appeal to value investors, cash flow positive investors, new investors or an investor that wants to live in one of the apartments free and still enjoy $80,000 a year income. Gross Income fully rented is $116,000. Net income is approximately $96,000 based on the approximate expenses of $20,000 for taxes, utilities and insurance. (id:24570)
Location
Province ON
Interior
Heating Other
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Lot Description Landscaped
Story 2
Sewer Sanitary sewer
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Listed by RE/MAX ADVANTAGE REALTY LTD.
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Kevin Scharfenberg
Personal Real Estate Corporation | License ID: 180491
Personal Real Estate Corporation License ID: 180491