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$ 1,550,000
Est. payment | /mo
11 Beds
4,676 SqFt
$ 1,550,000
Est. payment | /mo
11 Beds
4,676 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 4,676 sqft
Price per Sqft $331
Subdivision North Ward
MLS® Listing ID 40672773
Bedrooms 11
Originating Board Barrie & District Association of REALTORS® Inc.
Property Sub-Type Freehold
Property Description
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. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating In Floor Heating, Radiant heat
Cooling None
Exterior
Parking Features No
Community Features School Bus
View Y/N No
Total Parking Spaces 13
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://www.propertypanorama.com/instaview/itso/40672773
Listed by RE/MAX Right Move Brokerage
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "