Exceptional opportunity for an investor looking to grow their portfolio with a cash positive investment. This Turn-Key property is located minutes from the 401, U.S. Bridge and Hwy. 416. Originally a motel, this commercially-built property was converted t a 7-Unit Residential Apartment Complex in the late 90's Preliminary approval in place for storage rental spaces. Upgraded septic and two wells service the property. Mechanical upgrades in the past 7 years include boiler systems, metal shingles and high efficiency propane furnaces in the last 7 years. Owner occupied unit will be vacant upon closing. Main building consists of 1-3 bedroom, 4-2 bedroom, 2-1 bedroom, detached garage and separate laundry. 3 of the 2 bedroom units have 2 baths, all other units have one bath. Plenty of parking and outdoor space for each tenant. (id:48744)
MLS® Number | 40641111 |
Property Type | Multi-family |
AmenitiesNearBy | Shopping |
CommunityFeatures | Quiet Area |
ParkingSpaceTotal | 16 |
BathroomTotal | 10 |
BedroomsTotal | 13 |
BasementType | None |
ConstructedDate | 1962 |
CoolingType | Central Air Conditioning |
ExteriorFinish | Vinyl Siding |
HeatingFuel | Propane |
HeatingType | Forced Air, Radiant Heat |
StoriesTotal | 2 |
SizeInterior | 6991 Sqft |
UtilityWater | Well |
Detached Garage |
AccessType | Highway Access |
Acreage | No |
LandAmenities | Shopping |
Sewer | Septic System |
SizeDepth | 323 Ft |
SizeFrontage | 274 Ft |
SizeTotalText | 1/2 - 1.99 Acres |
ZoningDescription | Ru-3 |
https://www.realtor.ca/real-estate/27387251/2039-county-rd-44-road-spencerville
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