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$875,000
Status: For Sale
Investors. This turn-key, low maintenance, cash flowing Four-plex is located near the heart of Simcoe. Close to shopping, dining, and entertainment. Cap Rate of 7.09. Built in 1950, unit is situated on a 2.12 acre parcel backing onto scenic fields. Lots of parking in front. 4 spacious are fully rented to A+ tenants units and each unit pays it's own hydro and gas meter. This building has an extensive list of new updates and renovations throughout the interior and exterior. 1-3 Bedroom unit, 1-1 Bedroom unit, 1-1+Den unit, and 1-2 Bedroom unit.
| Property Type | :Residential |
|---|---|
| MLS Number | :X9247950 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :09 Aug, 2024 (103 Days ago) |
| Source | :TRREB |
| Area | :Norfolk |
|---|---|
| Postal Code | : N3R 0C1 |
| Price | : $875,000 |
|---|---|
| Property Taxes | :$4058.00 |
| Tax Year | :2023 |
|---|
| Bedrooms | :7 + |
|---|---|
| No. of Rooms | :16 |
| Air Conditioning | :None |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :Hwy 24 North of Hwy 3 on west |
| Bathrooms | :4 |
|---|---|
| Fuel | :Gas |
| Fireplace/Stove | :No |
| Living | :5.91 m x 3.96 m |
|---|
| Exterior Finish | :Other |
|---|---|
| Parking Space | :9 |
| Basement | :None |
| Garage | :Attached |
|---|
09 Aug, 2024
TREB #X9247950
Listed
$875000.0
