Multi-family For Sale
$699,900
MLS® Number: X12561804
Bedrooms
8
Bathrooms
5
Multi-family For Sale
$699,900
Bedrooms
8
Bathrooms
5
229 ELGIN STREET W, Arnprior, Ontario
About This Property
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. Everything is tenanted, all units are turn key. The Building is well appointed on a 71' X 101' Lot with 8 designated parking spots. Recent upgrades include Roof, Fire Sprinkler System. Ideal property for a value-add investors this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at an 7.5% cap rate. GOI $71,000.
Property Details
Interior Details
Appliances
Refrigerator, Stove
Basement
Unfinished, Other, See Remarks, N/A, N/A
Bathrooms Total
5
Bedrooms Total
8
Cooling
None
Heating
Forced air, Natural gas
Building & Exterior
Exterior Features
Vinyl siding, Brick Veneer
Foundation Details
Block, Poured Concrete, Slab
Parking Features
No Garage
Stories
2.0
Land & Location
City Region
550 - Arnprior
Frontage Length
70.9 feet
Lot Size Dimensions
70.8 x 101.2 FT
Postal Code
K7S1P4
Listing & Financials
Listing Office
RIGHT AT HOME REALTY
Originating System Name
Ottawa Real Estate Board
Other Specifications
Country
Canada
Parking Total
8
Listed By
RIGHT AT HOME REALTY
Mortgage Calculator
Estimated Monthly Payment
$3,438
Principal and interest only. Actual rates may vary.
Mortgage Calculator
Estimated Monthly Payment
$3,438
Principal and interest only. Actual rates may vary.
