Mississaga Street W/Albert
Investment Opportunity in Orillia
- 4 Unit Family Home
- Type: Multifamily
- Style: Multiplex
- Bedrooms: 9
- Bathrooms: 4
- Size: 4,214 sq. ft.
- Development Level: Built
- Lot Type: Irregular
- Suite: Yes
- Year Built: 1950
- Taxes: $4,380.00 CAD (2017)
Investment opportunity in Orillia. 4 units. 2 bedrooms in each unit except for upper which has 3; Priced aggressively for consideration of work or buyers preference (cosmetics) that may want done. Built 1950. Great investment opportunity as good tenants in place and can be turnkey as presently fully rented and no vacancy.
Suggested items noted: Windows, front porch.
Lower unit recently updated - kitchen cupboards, laminate flooring, paint. $100,000 per unit and priced to sell! UPDATE: Shingles /roof done 2014
Fully rented, no vacancy. Room for improvements perhaps by adding separate meters to offset expenses. Require 48 hours notice minimum to prepare and serve required written notice to tenants please.
On corner location of Millard and James Street. Close to variety store, St. Bernard's Catholic School, St. David's Anglican Church, Regent Park Public School, Orillia Christian School, Brian Orser Arena. Ease of access to highway 11, Waterfront, Box Stores like Giant Tiger and more. Each unit has own entry.
TOTAL INCOME MONTHLY: 4,259 ANNUAL: 51,108
TOTAL EXPENSES MONTHLY: 1,218.72 ANNUAL: 14,624.64
NET INCOME MONTHLY: 3,040.28 ANNUAL: 36,483.36
LIST PRICE: $400,000
Rental Type: MULTI-RESIDENTIAL
Present Use: 4 Units
Landlord pays Utilities: Gas Heat/Electricity, Water
Occupancy: TENANTS/NO VACANCY
Year Built: 1950
For appointment, contact the Shannon Murree Team with RE/MAX Chay Realty Inc Brokerage - MovingSimcoe.com - Moving You Is What We Do! Thanks for viewing
*not intended to solicit anyone under agency agreement whether written or implied.
- Carpeted Floors
- Hardwood Floors
- Laminate Floors
- Refrigerator - Bar
- Central Air
- Window / Wall Unit
- High Speed Internet Available
- Public Transportation
Information is deemed to be correct but not guaranteed.
Not intended to solicit those already entered into any written Agency Agreements whether Buying, Renting or Selling
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