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$1,599,900
Available - For Sale
Listing ID: S11437801
Investment Opportunity - Fully tenanted 9 Plex in north ward of Orillia! Newly constructed 9-plex in 2016, converted from a motel, presenting a 6% cap rate. All 9 units have up to current market rents. All units have been upgraded to meet current market demands, ensuring maximum rental potential. With 8 one-bedroom units and 1 three-bedroom unit, this property caters to a diverse tenant base, allowing for steady occupancy and reliable income streams. There has been zero vacancy since 2016. The public coin laundry facility enhances the income potential of this investment, there's room and hook-ups to accommodate additional machines. Each tenant has a dedicated parking space. Additionally there are four visitor parking spaces. Each unit also has private yards. For detailed financial information don't hesitate to inquire within. Seller will entertain a VTB
Price $1,599,900
Minimum Rental Term: 12
Maximum Rental Term: 0
Taxes: $16,250
Tax Type: Annual
Occupancy by: Tenant
Address: 320 Laclie St , Orillia, L3V 4P1, Ontario
Postal Code: L3V 4P1
Province/State: Ontario
Legal Description: Pt Lt 16 S/S North St, 17 S/S North St P
Directions/Cross Streets: Laclie St. And North Street E.
Zoning: C2
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: 4,676
Total Area Code:  Sq Ft
Financial Statement: Y
Insurance Expense: $600
Gross Income/Sales: $12936
Operating Expenses: $4000
Net Income Before Debt: $8936
Expenses Actual/Estimated: $Est
Heat Type: Gas Hot Water
Central Air Conditioning: Part
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EXIT REALTY TRUE NORTH

320 Laclie St , Orillia, L3V 4P1, Ontario


 
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Type: Com - Investment
Area: Simcoe
Municipality: Orillia
Neighbourhood: Orillia
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Lot Size: 150.00 x 0.00(Feet)
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Tax: $16,250
Maintenance Fee: $0
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