Multi-family For Sale in Arnprior, Ontario

Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom units, each with its own hydro meter. This property has been well-maintained and brought up to date over the years. Everything is tenanted, all units are turn key. The Building is well appointed on a 71’ X 101’ Lot with 10 designated parking spots. Recent upgrades include Roof, Basement Spray Foam, Furnace and Fire Sprinkler System. Ideal property for a value-add investor as this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at a 6.2% cap rate. (id:4069)
Address 229 ELGIN STREET
List Price $639,900
Property Type Multi-family
Type of Dwelling Fourplex
Area Ontario
Sub-Area Arnprior
Lot Size 70.8 ft X 101.2 ft Sq. Ft.
Year Built 1930
MLS® Number 1345206
Listing Brokerage RIGHT AT HOME REALTY
Postal Code K7S1P4
Zoning 5 Plex

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Steve Sicard REALTOR® | SRES®

Right at Home Realty Brokerage

14 Chamberlain Ave Suite 101 Ottawa Ontario K1S 1V9

Mobile: (613) 853-5807

Office: (613) 369-5199

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