Property Details

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For Sale
$699,900
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MLS® #: X12561804
$699,900 / property
229 Elgin Street W, Arnprior, ON K7S 1P4
📍 Arnprior, ON K7S 1P4
🛏
8
Bedrooms
🚿
5
Bathrooms
🚗
8
Parking
🏠
Residential Freehold
Type

About This Property

Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom units, each with its own hydro meter. Everything is tenanted, all units are turn key. The Building is well appointed on a 71' X 101' Lot with 8 designated parking spots. Recent upgrades include Roof, Fire Sprinkler System. Ideal property for a value-add investors this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at an 7.5% cap rate. GOI $71,000.

Listing Contracted With: RIGHT AT HOME REALTY

Listed By

Siva Kandiah
Siva Kandiah
Re/Max Ace Realty Inc.
★★★★★ 5.0 Rating

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