12369 COUNTY ROAD 16, Coldwater, Ontario
$1,950,000
- 8 Beds
- 8 Baths
- 6,556 Square Feet
Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold as is where is with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project. (id:56241)
- Listing ID: 40609857
- Property Type: Multi-family
- Year Built: 1974
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Listing provided by Sutton Group Incentive Realty Inc. Brokerage
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 12369 COUNTY ROAD 16 in Coldwater Ontario. It was last modified on June 24th, 2024. Contact Mark Egan to schedule a viewing or to discover other Coldwater real estate for sale.