ATTENTION INVESTORS - DIVERSIFY YOUR INVESTMENT PORTFOLIO OVER 5% CAP RATE long term tenants and rarely offered purpose built 4-Plex in Beamsville on the Wine Route. Each unit ranges in size from 760 775 square feet and offers 2 bedrooms, full 3 or 4-piece bathroom, kitchen, dining area and family room with fireplace insert. Two lower units were renovated in the past 5 years top to bottom, other 2 upper units show well and have small walk out patios. Also contains storage shed, lean to, and older storage shed. Recently installed and approved septic tanks along with armour stone wall in front of 10 car parking. All 4 units are occupied and on month-to-month leases. Additional income from coin operated washer and dryer. Each unit contains fridge and stove and are heated by baseboard heat but with secondary heating from gas fireplace insert.
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Detailed Information
Freestanding
Y
Lot
113 x 240.4 ft
Lot Irregularities
113 X 125 X 240 X 271
Office/Apt Area
3,000 ft2
Total Area
3,000 ft2
Approximate Age
51-99
Elevator
None
Air Conditioning
N
Basement
Y
Chattels
Y
Garage Type
None
Parking Spaces
10
Heat Type
Baseboard
Financial Statement
Y
Gross Income/Sales
$63,240
Net Income Before Debt
$51,160
Hydro Expense
$300
Water Expense
$1,250
Insurance Expense
$4,100
Taxes Expense
$5,230
Other Expenses
$1,200
Year Expenses
$2,023
Expenses Actual/Estimated
Act
% Building
100
Outside Storage
Y
Area Influences
Grnbelt/Conserv, Major Highway
Sewers
Septic
Utilities
Y
Water
Municipal
Survey
N
Lot/Bldg/Unit Code
Lot
Zoning
RUR and NEC
Seller Property Info Statement
N
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