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$ 1,849,900
Est. payment | /mo
4,676 SqFt
$ 1,849,900
Est. payment | /mo
4,676 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,676 sqft
Price per Sqft $395
Subdivision Orillia
MLS® Listing ID S11437801
Originating Board Toronto Regional Real Estate Board
Property Description
Investment Opportunity - Fully tenanted 9 Plex in north ward of Orillia! Newly constructed 9-plex in 2016, converted from a motel, presenting a 6% cap rate. All 9 units have up to current market rents. All units have been upgraded to meet current market demands, ensuring maximum rental potential. With 8 one-bedroom units and 1 three-bedroom unit, this property caters to a diverse tenant base, allowing for steady occupancy and reliable income streams. There has been zero vacancy since 2016. The public coin laundry facility enhances the income potential of this investment, there's room and hook-ups to accommodate additional machines. Each tenant has a dedicated parking space. Additionally there are four visitor parking spaces. Each unit also has private yards. For detailed financial information don't hesitate to inquire within. (id:24570)
Location
Province ON
Interior
Heating Hot water radiator heat
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by EXIT REALTY TRUE NORTH
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "