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$ 799,900
Est. payment | /mo
6 Beds
4 Baths
$ 799,900
Est. payment | /mo
6 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X11903982
Style 2-Storey
Bedrooms 6
Annual Tax Amount $3,234
Tax Year 2024
Property Description
Seller willing to hold up to $50,000 VTB for an approved buyer (First year 0% interest, second year 10% interest), FREE property management for 1 year, and 1 unit (1 bedroom) vacant for July 1st! Welcome to this fantastic investment opportunity in Simcoe, ON with close proximity to grocery stores and amenities! This 4plex offers a mix of units including one spacious 3-bedroom and three cozy 1-bedroom units. Boasting strong rental income and low expenses, this property is listed at a 7.4 cap, making it a lucrative investment. Each unit has been thoughtfully renovated over the last couple years, featuring updated electrical, plumbing, new appliances, and all new finishes. The property offers separate gas, hydro, and water meters - keeping the expenses low for the new owner. Additional features include a durable metal roof and ample parking with space for five vehicles. The current tenants are reliable, making this a hassle-free investment opportunity. Don't miss out on the chance to own this well-maintained and income-generating property in Simcoe!
Location
Province ON
County Norfolk
Community Simcoe
Area Norfolk
Region Simcoe
City Region Simcoe
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Garage Spaces 5.0
Pool None
Roof Type Metal
Lot Depth 153.0
Total Parking Spaces 5
Building
Foundation Block, Brick, Poured Concrete
Listed by BLUE FOREST REALTY INC.