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$ 1,295,000
Est. payment | /mo
10 Baths
1 SqFt
$ 1,295,000
Est. payment | /mo
10 Baths
1 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,295,000
Subdivision Rural Severn
MLS Listing ID S12346588
Annual Tax Amount $6,023
Tax Year 2024
Property Sub-Type Investment
Property Description
Multi Residential investment opportunity with 10 unit 2 story apartment (8 are legalized), producing a net income of $73,785.94 (8 units). Including all 10 units, the net income increases to over $100,000. The Landlord pays for all utilities, there are separate hydro meters available that have never been hooked up. Property contains 3 septic beds and 1 drilled well. Building being sold in an as is where is capacity. There are outstanding capital required, Seller estimates $70,000.
Location
Province ON
County Simcoe
Community Rural Severn
Area Simcoe
Interior
Cooling Partial
Exterior
Community Features Major Highway
Utilities Available Available
Lot Frontage 297.81
Building
Building Age 31-50
Listed by SUTTON GROUP INCENTIVE REALTY INC.
"Helping clients build weath through strategic real estate aquisitions"