12369 County Road 16

Coldwater, ON

MLS® 40609857

For sale
$1,950,000

Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold "as is where is" with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project.
Property Details
Parking Total
10
Property Type
Residential
Road Type
Paved
Community Features
Irregular Lot
Highway Access
Open Spaces
Quiet Area
Building
Appliances
Dryer
Refrigerator
Stove
Washer
Bathrooms
8
Bedrooms
8
Building Type
Multi-6-9 Unit
Cooling
Other
Construction Materials
Stone
Vinyl Siding
Security Features
Carbon Monoxide Detector(s)
Heating
Baseboard
Electric
Propane
Roof
Rolled/Hot Mop
Shingle
Tar/Gravel
Sewer
Septic Tank
Stories
2
Water Source
Well
Building Amenities
Separate Heating Controls
Separate Hydro Meters
Land
Lot Front
297.81 ft
Lot Size Area
1.354
Acres
0.50–1.99 Acres
Zoning
RM2
Landscape Features
Landscaped
Lighting
Separate Hydro Meters
Walk Score
Sutton Group Incentive Realty Inc. Brokerage

Data is provided courtesy of © 2024 Information Technology Systems Ontario Inc.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Not intended to solicit Sellers or Buyers currently under written contract with another REALTOR®. All measurements are approximate deemed to be from reliable sources, however buyer and buyer's agent to do their own due diligence. All information is deemed reliable but not guaranteed.

Listing ID: 151260678
Last Updated: 2024-10-22 04:33:34