350 ST PHILLIPE STREET

Alfred, Ontario, K0B1A0, Canada

$479,000

Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000, (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now!

Last updated on : Friday 22nd of November 2024 01:11:12 PM

ADDRESS

Street : 350 ST PHILLIPE STREET

City : Alfred

Province : Ontario

Country : Canada

Postal Code : K0B1A0

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PROPERTY SUMMARY

Property ID : 1417952

Building Type : Fourplex, Attached

Property Type : Multi-family

Parking : 6

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