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. This property has been well-maintained and brought up to date over the years. Everything is tenanted, all units are turn key. The Building is well appointed on a 71' X 101' Lot with 10 designated parking spots. Recent upgrades include Roof, Fire Sprinkler System. Ideal property for a value-add investor as 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. (id:4069)
Address
229 ELGIN STREET W
List Price
$649,900
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
Arnprior
Bedrooms
8
Bathrooms
5
Lot Size
70.8 x 101.2 FT Sq. Ft.
MLS® Number
X11950554
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
N/A (Unfinished)
Postal Code
K7S1P4
Zoning
Multiplex
