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RE/MAX Advantage Realty Ltd., Brokerage*

Dianne Isabel (i) Wilson
Broker
Office Phone: 519-649-6000
Direct: 519-777-2424
www.dianneiwilson.com

RE/MAX Advantage Realty Ltd., Brokerage*
Pic_of_house
Status:
For Sale
Property Price:
$1,100,000
Property Type:
Multiplex
House Style:
2-Storey
Bedrooms:
8
Bathrooms:
6
Fireplace:
Yes
Cross Street:
Port Elgin - Hwy 21, turn west
Heating:
Other
Front Footage:
66
Exterior:
Brick, Vinyl Siding
Lot Size:
66 X 132 Feet
Tax:
$3921.00
Total Parking Spaces:
6
Parking Places:
6
Water:
Municipal
Fuel:
Gas
House Size:
3500-5000
Remarks:

You will receive approximately $9600 gross income every month from the day you close on this fully rented 6 plex. This property has been rebuilt to an open concept loft design with white quartz countertops, stainless appliances and gas fireplaces to attract and keep good paying tenants. It sits in a convenient, quiet area. Walk tree lined streets or stroll the downtown shopping and restaurants. The grassed private yard itself is inviting with picnic table and big trees. This property will appeal to value investors, cash flow positive investors, new investors or an investor that wants to live in one of the apartments free and still enjoy $80,000 a year income. Gross Income fully rented is $116,000. Net income is approximately $96,000 based on the approximate expenses of $20,000 for taxes, utilities and insurance.

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Dianne Isabel (i) Wilson, Broker

RE/MAX Advantage Realty Ltd., Brokerage*

Dianne Isabel (i) Wilson
Broker
Office Phone: 519-649-6000
Direct: 519-777-2424
www.dianneiwilson.com

RE/MAX Advantage Realty Ltd., Brokerage*
House 0