583-585 Mill Street Saugeen Shores, Ontario N0H 2C4
$1,100,000
You will receive approximately $9600 gross income every month from the day you close on this fully rented 6 plex. This property has been rebuilt to an open concept loft design with white quartz countertops, stainless appliances and gas fireplaces to attract and keep good paying tenants. It sits in a convenient, quiet area. Walk tree lined streets or stroll the downtown shopping and restaurants. The grassed private yard itself is inviting with picnic table and big trees. This property will appeal to value investors, cash flow positive investors, new investors or an investor that wants to live in one of the apartments free and still enjoy $80,000 a year income. Gross Income fully rented is $116,000. Net income is approximately $96,000 based on the approximate expenses of $20,000 for taxes, utilities and insurance. (id:46638)
Property Details
| MLS® Number | X10402754 |
| Property Type | Multi-family |
| Community Name | Saugeen Shores |
| Features | Flat Site |
| Parking Space Total | 6 |
| Structure | Porch |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Amenities | Fireplace(s) |
| Basement Type | Partial |
| Exterior Finish | Brick, Vinyl Siding |
| Fireplace Present | Yes |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 132 Ft |
| Size Total Text | 66 X 132 Ft|under 1/2 Acre |
| Zoning Description | C1 |
Utilities
| Sewer | Installed |
https://www.realtor.ca/real-estate/27608835/583-585-mill-street-saugeen-shores-saugeen-shores
Contact Us
Contact us for more information
(519) 649-6000
(519) 649-6000
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November 24 2024 09:20:07
London and St. Thomas Association of REALTORS®
RE/MAX Advantage Realty Ltd.