Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000 (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now!
MLS# | X9524145 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 91 |
Listing Provided By | POWER MARKETING REAL ESTATE INC. | Not Provided |
State | ON |
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County | Prescott and Russell |
City | Alfred and Plantagenet |
Zip Code | K0B 1A0 |
Area | 609 Alfred |
Listing VS Median (in K0B 1A0) | |
Price: $479,000 low | high Med: $1,499,900 On Site: 91 low | high Med: 51.000000 |