12369 COUNTY ROAD 16, Coldwater, Ontario
$1,950,000
- 8 Beds
- 8 Baths
- 6,556 Square Feet
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:56241)
- Listing ID: 40609857
- Property Type: Multi-family
- Year Built: 1974
Schedule a Tour
Schedule Private Tour
Nadine McMaster would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Nadine McMaster, who specializes in Coldwater real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Nadine McMaster find a property to match your lifestyle.
Listing provided by Sutton Group Incentive Realty Inc. Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 12369 COUNTY ROAD 16 in Coldwater Ontario. It was last modified on June 24th, 2024. Contact Nadine McMaster to schedule a viewing or to discover other Coldwater real estate for sale.