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CAD 800,000

13 AND 11 KENT Street S
Simcoe, Ontario

Beds 6
Baths 6

Property Description

This 5 unit building (1 commercial and 4 residential) has been totally renovated in the last 2 years. Rents are gross as the owner pays the utilities. 5 new gas furnaces. 6 bathrooms. Commercial $1350, Upper unit 1 $1200, Upper unit 2 $1350 (vacant and available to show), Unit 3 Main floor at the back $1350 , Back upper unit 4 (loft) $1500 2 bedroom (vacant and available to show). Gross rent $81000. Expenses: Taxes $5541, utilities $7200, insurance $4000.. Net income $64259. 8% cap rate. Concrete and mason construction with wood siding. (id:885)

Courtesy of Royal LePage Action Realty

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Property Details

ID #
40236786
Status
For Sale
Type
Multi-family
Postal Code
N3Y2X7
Building Area
4,000ft2
Septic
City sewer
Construction Material
Concrete block, Concrete Walls
Construction Style Attachment
Detached
Equipment Type
Water Heater
Exterior
Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Ownership Type
Freehold
Rental Equipment Type
Water Heater
Size Frontage
25 ft
Utility Water
Municipal water
Zoning Description
rc
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