ANNUAL INCOME OF $74,400 with a 7.8 cap rate! This turn-key, low maintenance, cash flowing Fourplex located in Simcoe is on a double lot with plenty of parking. A++ tenants with spacious units and each unit has it's own hydro meter. This building has an extensive list of new updates and renovations throughout the interior and exterior. Many upgrades including roof (2020), electrical (2019), plumbing (2017). Additional income with coin- op laundry. Located in the heart of Simcoe close to all amenities including the Norfolk Golf Club and Port Dover. Don't miss out on this great opportunity! (id:47423)
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Detailed Information
Bedrooms
6
Bathrooms
4
Lot
66.83 x 124.17 ft
Amenities Nearby
Hospital, Park, Place of Worship, Schools
Listing Contract Date
2024-09-03
Location Description
Young and Kent St N
# of Parking Spaces
6
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
RB
Building
Amenities
Separate Electricity Meters
Appliances
Dishwasher, Dryer, Refrigerator, Stove, Washer
Basement Type
Partial
Exterior Finish
Concrete, Wood
Foundation Type
Poured Concrete
Heating Type
Heat Pump
Stories Total
2
Type
Other
Utility Water
Municipal water
Utilities
Type
Description
Cable
Installed
Sewer
Installed
Land
Total Size
66.87 x 124.17 FT
Amenities
Hospital, Park, Place of Worship, Schools
Sewer
Sanitary sewer
Size of Irregular Land
66.87 x 124.17 FT
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