Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000 (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now! (id:48414)
| MLS® Number | X9524145 |
| Property Type | Retail |
| Neigbourhood | Alfred |
| Community Name | 609 - Alfred |
| Parking Space Total | 6 |
| Acreage | No |
| Size Depth | 63 Ft |
| Size Frontage | 87 Ft |
| Size Irregular | Unit=87 X 63 Ft ; 0 |
| Size Total Text | Unit=87 X 63 Ft ; 0 |
| Zoning Description | Commercial |
https://www.realtor.ca/real-estate/27579051/350-st-phillipe-street-alfred-and-plantagenet-609-alfred
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