229 ELGIN Street, Arnprior, Ontario K7S1P4
Listing courtesy of RIGHT AT HOME REALTY.
- $639,900
- List Price
- $639,900
- Price Change
- ▼ $10,000 1690940258
- MLS®
- 1345206
- Days on Market
- 111
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Lot Size Dimensions
- 70.8 ft X 101.2 ft
- Subdivision
- Downtown
Property Description
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, Basement Spray Foam, Furnace and 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 a 6.2% cap rate. (id:5764)
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Additional Information
- Subdivision
- Downtown
- Parking Spaces
- 10
- Cooling
- None
- Country
- Canada
- Flooring
- Tile, Laminate, Wall-to-wall carpet, Mixed Flooring
- Sewer
- Municipal sewage system
- Heating
- Forced air, Natural gas
- Lot Features
- Corner Site, Flat site
- Total Number Of Units
- 5
- Stories
- 2
