Unknown
Forced Air
$639,900
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:48414)
Property Details
MLS® Number
|
1372629 |
Property Type
|
Multi-family |
Neigbourhood
|
Arnprior |
Parking Space Total
|
10 |
Building
Constructed Date
|
1930 |
Cooling Type
|
Unknown |
Exterior Finish
|
Brick, Siding |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Sewer
|
Municipal Sewage System |
Size Depth
|
101 Ft ,2 In |
Size Frontage
|
70 Ft ,10 In |
Size Irregular
|
70.8 Ft X 101.2 Ft |
Size Total Text
|
70.8 Ft X 101.2 Ft |
Zoning Description
|
Multiplex |
https://www.realtor.ca/real-estate/26381554/229-elgin-street-w-arnprior-arnprior