PrintPrint Sheet CloseClose

Sutton Group Incentive Realty Inc., Brokerage*

Shannon MacIntyre
Broker
Office Phone: 705-242-3367
Direct: 705-796-3668
www.suttonincentive.ca

Sutton Group Incentive Realty Inc., Brokerage*
Pic_of_house
Status:
For Sale
Property Price:
$1,950,000
Property Type:
Multi-6-9 Unit
Age:
1974
Bedrooms:
8
Bathrooms:
8
Cross Street:
F.R Nelson Road
Heating:
Baseboard,Electric,Propane
Exterior:
Stone,Vinyl Sidi,
Tax:
$6023.62
Garage/Parking Type:
Detached Garage,Gravel,Unassigned
Parking Places:
10
Water:
Well
Remarks:

Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold "as is where is" with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project.

Other

Print Sheet Close
Shannon  MacIntyre, Broker

Sutton Group Incentive Realty Inc., Brokerage*

Shannon MacIntyre
Broker
Office Phone: 705-242-3367
Direct: 705-796-3668
www.suttonincentive.ca

Sutton Group Incentive Realty Inc., Brokerage*
House 0 House 1 House 2 House 3 House 4 House 5 House 6 House 7