**Prime Investment Opportunity Purpose-Built 6-Unit Apartment Building in Jarvis!** An outstanding multiplex investment offering stable rental income, with all units currently occupied. This well-maintained brick and concrete construction with metal siding features four spacious two-bedroom units and two one-bedroom units, each separately metered. Recent upgrades enhance long-term value, including a newer pump (2024), windows (2023-2024), boiler and furnace (2018), resurfaced roof (2017), and updated siding (2019). This income-generating property produces a gross total income of $115,360 per year, with total expenses of $17,820 and a strong 6.5% CAP rate. Tenant storage lockers and ample parking add further value. Situated in a growing community just 35 minutes from HWY 403/Hamilton, this property offers long-term appreciation with potential upside and the ability to increase rents to market value over time. Don't miss this incredible investment opportunity! (id:54662)
MLS® Number | X11959149 |
Property Type | Multi-family |
Community Name | Haldimand |
Features | Irregular Lot Size |
Parking Space Total | 10 |
Bathroom Total | 6 |
Bedrooms Above Ground | 10 |
Bedrooms Total | 10 |
Amenities | Separate Electricity Meters |
Appliances | Dryer, Stove, Washer, Refrigerator |
Basement Development | Finished |
Basement Type | N/a (finished) |
Exterior Finish | Steel |
Foundation Type | Concrete |
Heating Fuel | Natural Gas |
Heating Type | Radiant Heat |
Stories Total | 2 |
Size Interior | 5,000 - 100,000 Ft2 |
Type | Other |
Utility Water | Municipal Water |
Acreage | No |
Sewer | Sanitary Sewer |
Size Depth | 129 Ft ,10 In |
Size Frontage | 61 Ft ,10 In |
Size Irregular | 61.9 X 129.9 Ft |
Size Total Text | 61.9 X 129.9 Ft |
Natalie Kuchava
Salesperson
(866) 530-7737