INCREDIBLE INVESTMENT OPPORTUNITY awaits for this 10+2 apartment bundle! A 10 unit apartment building and a neighbouring duplex, located in the quaint village of Dashwood, have minimal turnover and no vacancies currently. Tenants pay their own utilities with the exception of water usage. A 1.84 acre lot is included; currently, it holds the septic system for the apartments. Recent apartment upgrades include: 4 new water heaters (1 in duplex,3 in 10plex); along with window upgrades ($15,000 new windows being installed); soffit, fascia and eavestroughs; lighting with motion sensors in the 10plex for efficiency and security, and more! Local property management services are available and rental increases are in place for 2024. Additional storage space is available in the basement of the 10plex which could generate revenue. NOTE: Revenue and expenses will be provided and Seller will approve showings only for serious inquiries in order to minimize disruption for tenants. Capitalize on this investment opportunity and maximize your profit! (id:47423)
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Detailed Information
Bedrooms
19
Bathrooms
12
Lot
132 x 119 ft
Amenities Nearby
Golf Nearby, Place of Worship
Community Features
School Bus
Features
Paved driveway, Laundry- Coin operated
Listing Contract Date
2024-03-13
Location Description
Head west from Exeter on County Road (highway)83 towards Grand Bend. Dashwood is approximately 11 km from Grand Bend. The adjoined properties are on the southeast corner of County Road (highway) 83 and Centre Street (County Road 2)
Ownership Type
Freehold
# of Parking Spaces
12
Property Type
Multi-family
Structures
Shed
Transaction Type
For sale
Zoning Description
R3
Building
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Cooling Type
None
Exterior Finish
Brick, Vinyl siding
Foundation Type
Block
Heating Fuel
Electric, Natural gas
Heating Type
Baseboard heaters, Forced air
Stories Total
2
Utility Water
Municipal water
Land
Total Size
0.362 acres
Acreage
Yes
Amenities
Golf Nearby, Place of Worship
Sewer
Septic System
Size of Irregular Land
0.362
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