$829,900 FOR SALE

Investment

Lot: 200 x 0 ftTotal Area: 3 acres
2019 Taxes: $10,828Maintenance Fees: $3,242

584706 Beachville Rd
Woodstock, ON N4S 7V6 | Oxford

***Excellent Income Property*** 12 Residential Units, Converted From A Formal Motel, Situated On A 3 Acres Of Land. A Joined W/ A 2 Story, 3 Bedroom House ( As 1 Unit) Plus 7 One Bedroom, 4 Bachelor W/O Kitchen. On-Site Supervisor Lives In The House And Performs Daily Maintenance, *** Perfect For An Absentee Owner(S)*** Current Gross Rental $89,310 Per Year, Net $56,984 ( As Per Seller) Cap Rate 6.7% At Asking

Extras
Well Water Gets Tested Bi-Weekly By Contract Company, Clean Report Available *2 Gas Hwt (Rented), Baseboard Heating In All Individual Units

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Listed By TFN REALTY INC., Brokerage
MLS® Listing Number X4514863
Last Updated Nov 29, 2019
Property Summary
Property Type Investment
Use Apartments - 6 to 12 Units
Category Apartment
Legal Description Pt Lt 6 Con Broken Front West Oxford As In 477479
Occupancy Tenant
Possession Date 60-90 Days
Taxes (2019) $10,828
Tax Type Annual
Maintenance Fees $3,242
Directions/Cross Streets Beachville Rd/ E Hill Line
Area Oxford
Price History
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Detailed Information
Freestanding Y
Bathrooms 12
Lot 200 x 0 ft
Total Area 3 acres
Elevator None
Air Conditioning N
Basement Y
Garage Type Outside/Surface
LLBO N
Employees 1
Heat Type Baseboard
Financial Statement Y
Gross Income/Sales $98,304
Net Income Before Debt $40,427
Insurance Expense $3,065
Management Expense $3,600
Operating Expenses $3
Other Expenses $3,485
Year Expenses $2,017
Expenses Actual/Estimated Act
Sprinklers N
Sewers Septics
Utilities Y
Water Well
Lot/Bldg/Unit Code Lot
Zoning C2
Seller Property Info Statement N

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