About 12369 County Road 16
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:36535)
Features of 12369 County Road 16
| Listing # | 40609857 |
|---|---|
| Price | $1,950,000 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Square Footage | 6,556 |
| Acres | 1.35 |
| Year Built | 1974 |
| Type | Multi-family |
| Sub-Type | Freehold |
Community Information
| Address | 12369 County Road 16 |
|---|---|
| Subdivision | SE57 - Coldwater |
| City | Coldwater |
| Province | Ontario |
| Postal Code | L0L2C0 |
Amenities
| Features | Crushed stone driveway |
|---|---|
| Parking Spaces | 10 |
| Parking | Detached Garage |
| # of Garages | 1 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Electric, Propane Baseboard heaters |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Exterior | Stone, Vinyl siding |
|---|---|
| Foundation | Poured Concrete |
Listing Details
| Office | Courtesy Of Shannon MacIntyre Of Sutton Group Incentive Realty Inc. Brokerage |
|---|
