Multi-residential investment opportunity with 10-unit 2-story apartment (8 are legalized), 9 are leased. This asset is currently producing a net income of $68,980.49 (8 units). Including all 9 leased units, the net income increases to $84,580.49. If the property were fully leased, the potential NOI is over $100,000. The Landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; Seller estimates $70,000. The 2025 expenses are currently estimated. (id:4069)
Address
12369 COUNTY ROAD 16
List Price
$1,275,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Severn
Bathrooms
10
Floor Area
1 Sq. Ft.
Lot Size
1.354 Sq. Ft.
MLS® Number
S12604756
Listing Brokerage
SUTTON GROUP INCENTIVE REALTY INC.
Postal Code
L0L2C0
Zoning
RM2
Site Influences
Highway
Features
Irregular lot size
