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Fourplex in Alfred

Asking Price $479,000
MLS# – 1417952

Rooms & Sizes

Description

Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000, (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now! (id:52884)

Features

None

FinishedFull

BrickSiding

Open

Municipal sewage system

Mixed FlooringWall-to-wall carpet

Municipal water

Map

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    Last Updated
    10/24/2024
    Data Provider
    Ottawa Real Estate Board
    Listing Office
    POWER MARKETING REAL ESTATE INC.