Maximum 4 project can be compared at one go.
$1,100,000
Status: For Sale
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.
| Property Type | :Residential |
|---|---|
| MLS Number | :X10402754 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :08 Nov, 2024 (59 Days ago) |
| Source | :TRREB |
| Area | :Bruce |
|---|---|
| Postal Code | : N0H 2C4 |
| Price | : $1,100,000 |
|---|---|
| Property Taxes | :$3921.04 |
| Tax Year | :2023 |
|---|
| Bedrooms | :8 + |
|---|---|
| No. of Rooms | :14 |
| Air Conditioning | :Other |
| Heating | :Other |
| Place of Worship | :No |
| Cross Street | :Port Elgin - Hwy 21, turn west on Mill St to Property |
| Bathrooms | :6 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :3500-5000 sqft |
| Exterior Finish | :Brick, Vinyl Siding |
|---|---|
| Parking Space | :6 |
| Basement | :Part Bsmt |
| Garage | :None |
|---|---|
| Laundry Level | :Main |
01 Nov, 2024
TREB #X10402754
Listed
$1100000.0
