12369 County Road 16 Coldwater, Ontario L0L 2C0
$1,950,000
Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold as is where is with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project. (id:26218)
Property Details
| MLS® Number | 40609857 |
| Property Type | Multi-family |
| Community Features | Quiet Area |
| Features | Crushed Stone Driveway |
| Parking Space Total | 10 |
Building
| Bathroom Total | 8 |
| Bedrooms Total | 8 |
| Basement Type | None |
| Constructed Date | 1974 |
| Exterior Finish | Stone, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Propane |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 6556 Sqft |
| Utility Water | Well |
Parking
| Detached Garage |
Land
| Access Type | Road Access, Highway Access |
| Acreage | Yes |
| Sewer | Septic System |
| Size Frontage | 298 Ft |
| Size Irregular | 1.354 |
| Size Total | 1.354 Ac|1/2 - 1.99 Acres |
| Size Total Text | 1.354 Ac|1/2 - 1.99 Acres |
| Zoning Description | Rm2 |
https://www.realtor.ca/real-estate/27075261/12369-county-road-16-coldwater
Interested?
Contact us for more information
Shannon Macintyre
Broker
(705) 739-1330
241 Minet's Point Road
Barrie, Ontario L4N 4C4
(705) 739-1300
(705) 739-1330
www.suttonincentive.com
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October 22 2024 03:19:38
Barrie & District Association of REALTORS® Inc.
Sutton Group Incentive Realty Inc. Brokerage
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