150-160 LAMARSH

Multi-family For Sale in Wheatley, Ontario

$639,900

6 UNITS TOTAL FOR SALE, EACH 2 BED 1 BATH, 1 FLOOR & FULLY TENANTED ALL UNDER 1 ROOF. BEING OFFERED AT A 5.5% CAP RATE. RENTS RANGE FROM $625-$850 PER UNIT, PER MONTH PLUS GAS & ELECTRICITY, AVERAGE RENT PER UNIT IS $700. ANNUAL REVENUE APPROX. $50K, ANNUAL EXPENSES APPROX $15K. SOLID BUILDING WITH POURED FOUNDATION BUILT IN 1996, HEATED BY FORCED AIR HOT WATER FURNACE, LOWER UNITS HAVE WALKOUT BASEMENTS, MAIN FLOOR UNITS HAVE DECK ON REAR. EVERY UNIT HAS PARKING FOR 2 CARS AND IN-UNIT LAUNDRY. EVERY 2 UNITS DEEDED AS A SEPARATE DUPLEX, FOR SALE AS ONE PACKAGE. VIEW FLOOR PLAN IN VIRTUAL TOUR LINK. (id:4069)

Address 150-160 LAMARSH
List Price 639,900
Property Type Multi-family
Type of Dwelling Multi-Family
Area Ontario
Sub-Area Wheatley
Lot Size (Sq. Ft.) 80.78 X 102
Year Built 1996
MLS® Number 18010125
Listing Brokerage CENTURY 21 ERIE SHORES REALTY INC. - 211
Postal Code N0P2P0

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Local Home Team

Century 21 Erie Shores Realty Inc.

14 Main St. W Kingsville ON N9Y 1H1

Office: L:519-326-8661 K:519-733-8411 E:519-961-9515

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