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$675,000 · Multi-residential 6 unit apartment in Chesterville/ Updated and fully rented

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  • MLS Number1140366

200 QUEEN ST W, Chesterville K0C 1H0 For Sale at $675,000 MLS#1140366 Lot size: 132.51 x 100 Property taxes: $4881/2018 6 units with 2 bedrooms in each = Total Gross Income $52,044 Total Expenses: $10,435 Net Income: $$41,609 ( Cap Rate 6.2%) Looking for a great long term investment? This multi-residential 6 unit apartment in the growing Village of Chesterville offers just about everything that you are looking for! Almost fully tenanted with retirees, tenancies range from 3 to 16 years! Building is well-maintained ,quiet and positioned on a beautiful piece of scenic countryside property. Built in 1993 with many updates including hot air exchange system and 'governors' to electric heaters in the common area. Hassle-Free! -Tenants pay their own heat/electric as well as the water and sewer charges! Don't hesitate-This turn-key Six-Plex investment opportunity is a rare find! CAP RATIO= 6.2% Contact me today for more information

Ad #
33030448
Posted
March 4, 2019
Renewed
June 7, 2019
Expiry
July 7, 2019
Status
SOLD
Details
New, Commercial Seller
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