12369 COUNTY ROAD 16, Severn, Ontario, L0L 2C0

$1,295,000

MLS® # S12604756

Investment For Sale In Severn, Ontario

$1,295,000

Property Information:

Multi-residential investment opportunity with 10-unit 2-story apartment (8 are legalized), 9 are leased. This asset is currently producing a net income of $68,980.49 (8 units). Including all 9 leased units, the net income increases to $84,580.49. If the property were fully leased, the potential NOI is over $100,000. The Landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; Seller estimates $70,000. The 2025 expenses are currently estimated. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 1 ac
  • Heating Type: Baseboard heaters
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 10
  • Amenities Nearby: Highway
  • Features: Irregular lot size
  • Floor Space (approx): 1 Square Feet
  • Lot Frontage: 297.8 Feet
  • Zoning: RM2
  • Sewer: Septic System

Courtesy of: SUTTON GROUP INCENTIVE REALTY INC.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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