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$ 1,295,000
Est. payment /mo
Active
12369 COUNTY ROAD 16 Severn, ON L0L2C0
10 Baths
1 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,295,000
Subdivision Rural Severn
MLS® Listing ID S12604756
Lot Size 1.354 Acres
Acres 1.354
Source Toronto Regional Real Estate Board
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Septic System
Listed by SUTTON GROUP INCENTIVE REALTY INC.