8 Beds 5 Bath

229 Elgin Street W, Arnprior, ON K7S 1P4

Arnprior K7S 1P4 Ontario

MLS: X12561804

$699,900

Added 8 hours ago | For Sale

Listed by: RIGHT AT HOME REALTY

About Property

Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom units, each with its own hydro meter. Everything is tenanted, all units are turn key. The Building is well appointed on a 71' X 101' Lot with 8 designated parking spots. Recent upgrades include Roof, Fire Sprinkler System. Ideal property for a value-add investors this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at an 7.5% cap rate. GOI $71,000.

Features

  • House Style:Multiplex
  • Bathrooms:5
  • Land Size: 70.8 X 101.2
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Elgin ST & McLachlin ST
  • Basement:Unfinished,Other , Unfinished,Other
  • Possession Date:FLEX
  • Annual Property taxes: $3327
  • Bedrooms:8
  • Total Parking Spaces:8
  • Parking Places:8
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12561804

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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