12369 County Road 16 Active Save Request In-Person Tour Request Virtual Tour
Coldwater,ON L0L 2C0
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 6,556 sqft
Price per Sqft $258
MLS Listing ID 40609857
Bedrooms 8
Year Built 1974
Annual Tax Amount $6,023
Lot Size 1.354 Acres
Property Sub-Type Multi-6-9 Unit
Property Description
Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold "as is where is" with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project.
Location
Province ON
County Simcoe County
Area Severn
Zoning RM2
Rooms
Other Rooms None
Kitchen 0
Interior
Heating Baseboard,Electric,Propane
Cooling Other
Laundry In-Suite,Other
Exterior
Exterior Feature Landscaped,Lighting,Separate Hydro Meters
Parking Features Detached Garage,Gravel,Unassigned
Roof Type Rolled/Hot Mop,Shingle,Tar/Gravel
Building
Lot Description Irregular Lot,Highway Access,Open Spaces,Quiet Area
Story 2
Foundation Poured Concrete
Sewer Septic Tank
Water Well
Structure Type Stone,Vinyl Siding
New Construction No