Prime Investment Opportunity Purpose-Built 6-Unit Apartment Building in Jarvis! An excellent multiplex investment offering steady rental income, with all six units currently tenanted. This well-maintained brick and concrete building with metal siding features four spacious two-bedroom units and two one-bedroom units, each separately hydro metered. The building has benefited from a series of updates over time, including improvements to the mechanical systems, windows, roofing, and exterior. These upgrades support long-term value and reduced maintenance needs. With a gross annual income of $115,880 and total expenses of $20,029, the property offers a strong 6.9% CAP rate. Additional features include ample parking and dedicated tenant storage lockers. Located in a growing community just 35 minutes from HWY 403/Hamilton, this property offers excellent long-term appreciation potential, along with the opportunity to bring rents in line with market value over time. (id:7434)
Property Attributes
ID#X11959149
Type Multi-Family
City Haldimand
Neighbourhood Haldimand
Postal Code N0A 1J0
Style
Price$ 1,399,000
Bedrooms 10
Bathrooms 6
Half Bathrooms 0
Sqr Footage3500
Data Source:
Canadian Real Estate Association (CREA)
Building Fireplace Present
False
Building Heating Type
Radiant heat
Building Heating Fuel
Natural gas
Basement Development
Finished
Basement Type
N/A (Finished)
Sewer
Sanitary sewer
Exterior Finish
Steel