You will receive approximately $9600 gross income every month from the day you close on this fully rented 6 plex. This property has been rebuilt to an open concept loft design with white quartz countertops, stainless appliances and gas fireplaces to attract and keep good paying tenants. It sits in a convenient, quiet area. Walk tree lined streets or stroll the downtown shopping and restaurants. The grassed private yard itself is inviting with picnic table and big trees. This property will appeal to value investors, cash flow positive investors, new investors or an investor that wants to live in one of the apartments free and still enjoy $80,000 a year income. Gross Income fully rented is $116,000. Net income is approximately $96,000 based on the approximate expenses of $20,000 for taxes, utilities and insurance. (id:4069)
| Address |
583-585 MILL STREET |
| List Price |
$1,100,000 |
| Property Type |
Multi-family |
| Type of Dwelling |
Other |
| Area |
Ontario |
| Sub-Area |
Saugeen Shores |
| Bedrooms |
8 |
| Bathrooms |
6 |
| Floor Area |
3,500 Sq. Ft. |
| Lot Size |
66 x 132 FT Sq. Ft. |
| MLS® Number |
X10402754 |
| Listing Brokerage |
RE/MAX ADVANTAGE REALTY LTD.
|
| Basement Area |
Partial |
| Postal Code |
N0H2C4 |
| Zoning |
C1 |
| Features |
Flat site |
| Amenities |
Fireplace(s) |
