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$849,000
Est. payment /mo
7 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Port Mcnicoll
MLS Listing ID S13821326
Style 2-Storey
Bedrooms 7
Annual Tax Amount $2,117
Tax Year 2025
Property Sub-Type Fourplex
Property Description
INVESTMENT OPPORTUNITY! Fully tenanted four-plex offering and excellent opportunity for investors seeking a turnkey income producing property. The property features four- self contained residential units, including Unit 1- 2 Bed, Unit 2- 1 Bed, Unit 3- 2 Bed, Unit 4- 2 bed, providing a desirable mix of long-term rental demand. Current gross rental income $78,000 annually from the 4 units, laundry and storage. Current operating expenses are approximately $17,126 annually, resulting in a Net of $60,873. Well suited for experienced investors and those looking to add a multi-residential property to their portfolio. With all 4 units occupied, the property offers immediate rental income and an established tenant base. Property is fully tenanted. Showings of the interior are available following an acceptable offer, with appropriate notice to tenants. Please do not disturb the tenants. Bonus: Mixed use zoning allowing for residential or commercial.
Location
Province ON
County Simcoe
Area Simcoe
Zoning R3
Rooms
Basement Other
Kitchen 4
Interior
Interior Features Carpet Free
Cooling None
Inclusions All appliances in each unit & laundry
Exterior
Exterior Feature Year Round Living
Parking Features None
Pool None
Roof Type Asphalt Rolled
Total Parking Spaces 10
Building
Foundation Poured Concrete
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Lited by CENTURY 21 B.J. ROTH REALTY LTD.
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