$800,000
$875,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
SOLD DATE : 07/11/2024
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Simcoe
MLS Listing ID X8313466
Sold Date 07/11/24
Style 2-Storey
Bedrooms 5
Annual Tax Amount $3,248
Tax Year 2023
Property Sub-Type Multiplex
Property Description
Incredible Opportunity! This low maintenance, cash flowing, purpose- built fourplex in Simcoe is an amazing buy! Great addition to your investment portfolio with a 7.3 cap rate bringing in over $72,000 in rental income with low expenses. This building has an extensive list of recent updates: Eavestrough (2020), windows (2021),updated unit renovations with quality finishes (2020-2023), Ductless mini split heat pump/ACs (2019), Furnaces(2020). Fully rented to high-quality A+ tenants that pay their own utilities. Each unit has their own laundry,parking spot, separate entry, hydro and water meter. Located in the heart of Simcoe close to all amenities including the Norfolk Golf Club and Port Dover. Don't miss out on this great investment opportunity, act quick!Can be purchased together with 85 Kent.
Location
Province ON
County Norfolk
Community Simcoe
Area Norfolk
Zoning RB
Rooms
Family Room No
Basement Partial Basement, Unfinished
Kitchen 4
Interior
Interior Features Separate Hydro Meter
Cooling Other
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 66.87
Lot Depth 124.17
Total Parking Spaces 8
Building
Foundation Poured Concrete
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "