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 W |
| List Price |
$639,900 |
| Property Type |
Multi-family |
| Area |
Ontario |
| Sub-Area |
Arnprior |
| Lot Size |
70.8 ft X 101.2 ft Sq. Ft. |
| Year Built |
1930 |
| MLS® Number |
1345184 |
| Listing Brokerage |
RIGHT AT HOME REALTY
|
| Postal Code |
K7S1P4 |
| Zoning |
Multiplex |
