12369 COUNTY ROAD 16

Coldwater, Ontario, L0L2C0, Canada

$1,950,000

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.

EXTRAS: Crushed stone driveway

Last updated on : Monday 21st of October 2024 11:19:38 PM

ADDRESS

Street : 12369 COUNTY ROAD 16

City : Coldwater

Province : Ontario

Country : Canada

Postal Code : L0L2C0

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PROPERTY SUMMARY

Property ID : 40609857

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 8

Parking : 10

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