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.
MLS# | X10402754 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Sold Conditional Escape |
Days On Site | 105 |
Listing Provided By | RE/MAX ADVANTAGE REALTY LTD. | Not Provided |
Bed(s) | 8 |
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Bath(s) | 6 |
Basement | Y |
Water Front | None |
State | ON |
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County | Bruce |
City | Saugeen Shores |
Zip Code | N0H 2C4 |
Area | Saugeen Shores |
Listing VS Median (in N0H 2C4) | |
Price: $1,100,000 low | high Med: $719,000 On Site: 105 low | high Med: 116.000000 |