Investment Opportunity - Fully tenanted 9 Plex in north ward of Orillia! Newly constructed 9-plex in 2016, converted from a motel, presenting a 6% cap rate. All 9 units have up to current market rents. All units have been upgraded to meet current market demands, ensuring maximum rental potential. With 8 one-bedroom units and 1 three-bedroom unit, this property caters to a diverse tenant base, allowing for steady occupancy and reliable income streams. There has been zero vacancy since 2016. The public coin laundry facility enhances the income potential of this investment, there's room and hook-ups to accommodate additional machines. Each tenant has a dedicated parking space. Additionally there are four visitor parking spaces. Each unit also has private yards. For detailed financial information don't hesitate to inquire within. (id:4069)
Address
320 LACLIE Street
List Price
$1,550,000
Property Type
Multi-family
Area
Ontario
Sub-Area
Orillia
Bedrooms
11
Floor Area
4,676 Sq. Ft.
MLS® Number
40672773
Listing Brokerage
RE/MAX Right Move Brokerage
Basement Area
None
Postal Code
L3V4P1
Zoning
C2
Site Influences
Public Transit
Features
Laundry- Coin operated
