About this home

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. Everything is tenanted, all units are turn key. The Building is well appointed on a 71' X 101' Lot with 8 designated parking spots. Recent upgrades include Roof, Fire Sprinkler System. Ideal property for a value-add investors this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at an 7.5% cap rate. GOI $71,000. (id:28469)

Facts & features

Property

MLS® Number: X12561804
Property Type: Multi-family
Community Name: 550 - Arnprior
Equipment Type: Water Heater - Electric, Water Heater
Parking Space Total: 8
Rental Equipment Type: Water Heater - Electric, Water Heater

Building

Bathroom Total: 5
Bedrooms Above Ground: 8
Bedrooms Total: 8
Appliances: Stove, Refrigerator
Basement Development: Unfinished,other, See Remarks
Basement Type: N/a (unfinished), N/a (other, See Remarks)
Cooling Type: None
Exterior Finish: Brick Veneer, Vinyl Siding
Foundation Type: Block, Slab, Poured Concrete
Heating Fuel: Natural Gas
Heating Type: Forced Air
Stories Total: 2
Size Interior: 3,500 - 5,000 Sqft
Type: Other
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 101 Ft ,2 In
Size Frontage: 70 Ft ,9 In
Size Irregular: 70.8 X 101.2 Ft
Size Total Text: 70.8 X 101.2 Ft

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Location

229 Elgin Street W, Arnprior, Ontario K7S 1P4 · Get directions