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$449,000
Status: For Sale
Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000, (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now!
| Property Type | :Residential |
|---|---|
| MLS Number | :X12014334 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :12 Mar, 2025 (10 Days ago) |
| Source | :TRREB |
| Area | :Prescott and Russell |
|---|---|
| Postal Code | : K0B 1A0 |
| Price | : $449,000 |
|---|---|
| Property Taxes | :$3400.00 |
| Tax Year | :2024 |
|---|
| Bedrooms | :0 + 0 |
|---|---|
| No. of Rooms | :0 |
| Air Conditioning | :None |
| Heating | :Forced Air |
| Cross Street | :174 to St Phillipe Street |
| Bathrooms | :0 |
|---|---|
| Fuel | :Gas |
| Exterior Finish | :Brick, Other |
|---|---|
| Parking Space | :6 |
| Basement | :Finished |
| Garage | :None |
|---|
12 Mar, 2025
TREB #X12014334
Listed
$449,000
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