229 ELGIN Street, Arnprior, Ontario K7S1P4

Listing courtesy of RIGHT AT HOME REALTY.

$639,900
List Price
$639,900
MLS®
1372668
Days on Market
55
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 7.6% cap rate. (id:5764)

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

Mortgage Calculator

Amount of Loan
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks