12369 COUNTY ROAD 16, Severn, Ontario, L0L2C0
MLS: S12604756 | Multi-Family
$1,275,000
Property Description
Multi-residential investment opportunity with 10-unit 2-story apartment (8 are legalized), 9 are leased. This asset is currently producing a net income of $68,980.49 (8 units). Including all 9 leased units, the net income increases to $84,580.49. If the property were fully leased, the potential NOI is over $100,000. The Landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; Seller estimates $70,000. The 2025 expenses are currently estimated. (id:64974)
Quick Facts
- Property Type: Multi-Family
- Bedrooms: None
- Bathrooms: 10
- Living Area: 1 sq ft (0.1 m²)
- Attached: Yes
- Lot Size: 1.3540 acres (0.55 ha)
- Frontage: 298 ft (90.8 m)
Costs
- Annual Taxes: $6,626.00
Listing Provided by: SUTTON GROUP INCENTIVE REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Baseboard heaters
- Cooling: Partially air conditioned
Exterior & Construction
- Sewer: Septic System
Lot & Land
- Lot Size: 1.3540 acres (0.55 ha)
- Frontage: 298 ft (90.8 m)
- Features: Irregular lot size
- Zoning: RM2
Community & Neighbourhood
- Neighbourhood: Rural Severn
Listing Information
Listing History
Buy/Sell/Terminated/Expired listing history for 12369 COUNTY ROAD 16, Severn, Ontario, L0L2C0
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