Listing courtesy of ROYAL LEPAGE TEAM REALTY.
Welcome to 42 Bridge Street, Almonte, An iconic 1886 stone building that was fully renewed, back to the studs in 2016 by the current owner. This modern 8 unit building features updated heating, electrical, windows, kitchens, bathrooms and flooring. Mature, solid tenant mix with very little turnover consisting of 3 one bedroom apartments and 5 two bedroom apartments, each separately metered with its own stove, fridge, washer and dryer. Rents are considerably below market which means there is considerable upside on tenant turnover. Parking for 6 cars and ample storage in the unfinished lower level. Prime downtown Almonte location. Gross rent: $104,100, operating expenses: $37,990 = Net Operating Income: $66,110 (id:5764)