353 11th Street E, Owen Sound, Ontario N4K 1V3 (28112334)
$469,000
Great duplex with a solid income. Gross income over $41,000 and has a cap rate of 7%. Net income of $30,000 a year carries the mortgage. Completely renovated in 2021 - all new kitchens, bathrooms, flooring, drywall and roof. New air conditioning in 2024. Main floor offers a large one bedroom unit with 9' ceilings, private laundry, basement storage and private parking at rear of building. Main floor is currently vacant and was rented for $ 1600 inclusive. Second floor contains two large bedrooms, in-unit laundry and private parking at the front of the building. Currently rented for $1850 inclusive. Building has been inspected by fire department and city building officials. Expenses: hydro - $2266, gas -$1537, water/sewer -$1383, taxes - $2311, insurance - $1032. Rear parking is by deeded right of way to private gravel drive. (id:59911)
Property Details
| MLS® Number | X12058283 |
| Property Type | Multi-family |
| Community Name | Owen Sound |
| Parking Space Total | 2 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Appliances | Water Heater, Dryer, Two Stoves, Two Washers, Two Refrigerators |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 83 Ft |
| Size Frontage | 18 Ft ,4 In |
| Size Irregular | 18.4 X 83 Ft |
| Size Total Text | 18.4 X 83 Ft |
Utilities
| Cable | Installed |
| Sewer | Installed |
Interested in 353 11th Street E, Owen Sound, Ontario N4K 1V3?
Randy Byars
Broker
823 2nd Ave E
Owen Sound, Ontario N4K 2H2
(519) 371-5550
(519) 371-5668