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In-PersonVirtual Tour
$ 990,000
Est. payment | /mo
10 Beds
6 Baths
2,500 SqFt
$ 990,000
Est. payment | /mo
10 Beds
6 Baths
2,500 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500 - 3000
Square Footage 2,500 sqft
Price per Sqft $396
Subdivision Picton Ward
MLS® Listing ID X13067390
Bedrooms 10
Property Description
Well maintained 6-plex at the edge of downtown Picton, consisting of 4 two bedroom and 2 one bedroom units, being delivered entirely vacant upon closing. Each unit has been finished and maintained similarly to the unit shown in the photo reel and all units are separately metered. A large parking lot out front will provide ample parking for your future tenants. The owners fenced in the yard and created a relaxing retreat for the tenants with a gazebo and some patio furniture; perfect spot for other outdoor amenities of your choice. All tenants have access to coin laundry on the lower level where the 2 two bedroom units are also situated. Last years expenses are available and they are attractive. Taxes are an estimate based on the MPAC assessment of the property multiplied by the County of Prince Edward multiplex tax rate. This building is estimated to have a cap rate of 8% - 9% depending on your rents and how expenses are paid. Starting fresh with a property delivered vacant provides an opportunity to create the level of amenity that will garner great returns. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 10
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://www.dropbox.com/scl/fi/mqmfj71efm5a1qgixuydj/29-Downes-Ave-Prince-Edward-mls-exterior-only-unbranded.mov?rlkey=amjveilrrmsmoxhxsgz4vnwd5&st=dqtfuvv2&dl=0
Listed by CENTURY 21 LANTHORN REAL ESTATE LTD.
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