29
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$649,900
Est. payment /mo
8 BD
5 BA
Active
229 ELGIN STREET W Arnprior, ON K7S1P4
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision 550 - Arnprior
MLS® Listing ID X11950554
Bedrooms 8
Originating Board Ottawa Real Estate Board
Property Description
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, 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 an 7.5% cap rate. (id:24570)
Location
Province ON
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by RIGHT AT HOME REALTY