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$ 799,999
Est. payment | /mo
5 Beds
4 Baths
$ 799,999
Est. payment | /mo
5 Beds
4 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision 65 - Town Of Mitchell
MLS® Listing ID X9007724
Bedrooms 5
Originating Board London and St. Thomas Association of REALTORS®
Property Description
This fourplex features three 1-bedroom units and one 2-bedroom unit, all with in-suite laundry, fridge, stove, and dishwasher for added tenant appeal. Separate gas and hydro meters ensure efficiency, with the landlord only responsible for water and common area hydro. The property includes four owned hot water tanks and ample parking space for residents. Recent capital improvements include a new roof (2019), updated siding (2020), and mostly new windows (2021), all contributing to reduced maintenance costs and increased energy efficiency. The eavestroughs were resealed in 2022. Current rents are as follows: Unit 1 is vacant (previously rented for $1500 + gas/hydro, Unit 2 rents for $1,800 plus gas/hydro, Unit 3 for $1,250 plus gas/hydro, and Unit 4 for $1,244.45 plus gas/hydro. With strong rental income and recent improvements, this 4-plex is ready to provide a consistent and lucrative return on your investment. (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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