SIX PLEX - 3 One Bedroom Units, 2 Two Bedroom Units, 1 One Bed + Den Unit. All Individually Metered And Fully Rented. Many Upgrades To Each Unit As Turnover Has Occurred. Most Units In Great Shape And Well Cared For By Owner And Tenants. Heated With Electric Baseboard. Some Units Have Breaker Panels While Other Are On Fuses. Includes 6 Fridges And 6 Stoves All In Good Condition. Gross Rents At $48,672/Yr. Property Taxes Include Water And Sewer Charges For A Total Of $7,718.44/Yr. With Hydro At A Cost Of $8,425.43 (In 2019). Approx. Net Income $30,000/Yr. Parking Is On The Municipal Lot To The North Of The Property And Right Of Way On North Side Of Property As Well. Good CASH FLOWING Investment Properties Are Getting Harder And Harder To Come By. With An Easy 30 Min. Commute To Bruce Power And A Shortage Of Rentals In The Area, There Is HUGE Upside Potential To Create Even Higher Returns With This Rare Investment Find. Showings To Be Held On Saturdays Between 12 - 3pm. Be Sure To Schedule Your Viewing Before It'S Gone. (Id:15898)Show Description
Listed by: ROYAL LEPAGE EXCHANGE REALTY CO. Brokerage
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