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$ 799,900
Est. payment | /mo
6 Beds
4 Baths
$ 799,900
Est. payment | /mo
6 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Simcoe
MLS Listing ID X11903982
Style 2-Storey
Bedrooms 6
Annual Tax Amount $3,234
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Impressive 8.19% Cap Rate, $73,200 in gross annual income! Don't miss this fantastic investment opportunity in Simcoe, ON, with close proximity to grocery stores and amenities. This 4plex includes one spacious 3-bedroom and three 1-bedroom units. With strong rental income and low expenses, this property is a lucrative investment. Each unit has been thoughtfully renovated over the last couple of years with updated electrical, plumbing, new appliances, and modern finishes. The property features separate gas, hydro, and water meters keeping expenses low for the new owner. Additional highlights include a durable metal roof and ample parking for five vehicles. With reliable tenants already in place, this is a hassle-free investment. Act now to secure this well-maintained, income-generating property in Simcoe!
Location
Province ON
County Norfolk
Community Simcoe
Area Norfolk
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Pool None
Roof Type Metal
Lot Frontage 65.05
Lot Depth 153.0
Total Parking Spaces 5
Building
Foundation Block, Brick, Poured Concrete
Listed by BLUE FOREST REALTY INC.
"My job is to deliver more results for you when you are buying or selling your property! "