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$479,000
Available - For Sale
Listing ID: X9524145
Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000 (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now!
Price $479,000
Taxes: $3,300
Occupancy by: Tenant
Address: 350 ST PHILLIPE St , Alfred and Plantagenet, K0B 1A0, Ontario
Postal Code: K0B 1A0
Province/State: Ontario
Legal Description: PCL 64 SEC M1; LT 64 PL M1; ALFRED/PLANT
Lot Size: 87 x 63 (Feet)
Directions/Cross Streets: 174 to St Phillipe Street
Zoning: Commercial
Category: Retail
Total Area: 2,100
Retail Area: 2100
Gross Income/Sales: $47172
Net Income Before Debt: $37932
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POWER MARKETING REAL ESTATE INC.

350 ST PHILLIPE St , Alfred and Plantagenet, K0B 1A0, Ontario


 
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At a Glance:
Type: Com - Commercial/Retail
Area: Prescott and Russell
Municipality: Alfred and Plantagenet
Neighbourhood: 609 - Alfred
Style:
Lot Size: 87.00 x 63.00(Feet)
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Tax: $3,300
Maintenance Fee: $0
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