None
Forced Air
$639,900
Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom units, each with its own hydro meter. This property has been well-maintained and brought up to date over the years. Everything is tenanted, all units are turn key. The Building is well appointed on a 71’ X 101’ Lot with 10 designated parking spots. Recent upgrades include Roof, Basement Spray Foam, Furnace and Fire Sprinkler System. Ideal property for a value-add investor as this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at a 7.6% cap rate. (id:47153)
Property Details
|
MLS® Number
|
1372668 |
|
Property Type
|
Multi-family |
|
Neigbourhood
|
Downtown |
|
Amenities Near By
|
Recreation Nearby, Shopping |
|
Communication Type
|
Internet Access |
|
Features
|
Corner Site, Flat Site |
|
Parking Space Total
|
10 |
|
Road Type
|
Paved Road |
Building
|
Basement Development
|
Unfinished |
|
Basement Type
|
Cellar (unfinished) |
|
Constructed Date
|
1930 |
|
Construction Style Attachment
|
Attached |
|
Cooling Type
|
None |
|
Exterior Finish
|
Brick, Siding |
|
Flooring Type
|
Wall-to-wall Carpet, Mixed Flooring, Laminate, Tile |
|
Foundation Type
|
Poured Concrete, Stone |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Type
|
Fourplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Current Use
|
Development Residential |
|
Land Amenities
|
Recreation Nearby, Shopping |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
101 Ft ,2 In |
|
Size Frontage
|
70 Ft ,10 In |
|
Size Irregular
|
70.8 Ft X 101.2 Ft |
|
Size Total Text
|
70.8 Ft X 101.2 Ft |
|
Zoning Description
|
5 Plex |
Utilities
https://www.realtor.ca/real-estate/26381551/229-elgin-street-arnprior-downtown
