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! (id:47423)
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Detailed Information
Bedrooms
6
Bathrooms
4
Lot
65.08 x 153 ft
Listing Contract Date
2024-08-29
Location Description
Talbot St S + West St
# of Parking Spaces
5
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R3
Building
Appliances
Water Heater, Dishwasher, Dryer, Refrigerator, Stove, Washer
Basement Development
Unfinished
Basement Type
N/A (Unfinished)
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding
Foundation Type
Block, Brick, Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Other
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Kitchen
Main level
5.48 m x 3.91 m
Land
Total Size
65.1 x 153 FT
Sewer
Sanitary sewer
Size of Irregular Land
65.1 x 153 FT
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