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$ 1,599,900
Est. payment | /mo
14 Beds
8 Baths
$ 1,599,900
Est. payment | /mo
14 Beds
8 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Subdivision Zurich
MLS® Listing ID X14139578
Bedrooms 14
Property Description
TURNKEY MULTIPLEX INVESTMENT IN ZURICH, ONTARIO! An exceptional opportunity to acquire a well-maintained, income-producing property featuring eight residential apartments plus tons of storage for additional appliances and maintenance supplies. Generating roughly $118,000 in annual net income, this property offers established rental income and straightforward management in the heart of Huron County. The building features six 2-bedroom apartments and two 1-bedroom apartments across three levels, including three upper-level units with private balconies. The additional workshop, multiple storage rooms, and dedicated meter room provide excellent functionality. All units are currently leased, with tenants paying their own hydro. Each unit is separately metered and includes owned appliances, including in-suite washers and dryers. Two large owned hot water heaters are also included. Annual operating expenses are approximately $16,000-$18,000. The property has been well maintained, with the metal roof and Insulbrick/vinyl exterior in excellent condition. Fire code requirements are up to date, landscaping is easy to maintain (no grass to cut!), and all debentures have been paid. Located just five minutes from Lake Huron's beautiful beaches and within convenient driving distance of Grand Bend, Exeter, and Bayfield, this is an outstanding opportunity to add a substantial, established multifamily investment to your portfolio without the expense of new construction. A rare opportunity to own a turnkey income-producing property along Ontario's West Coast! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Window air conditioner
Exterior
Parking Features No
Community Features Community Centre
View Y/N No
Attached Garage No
Total Parking Spaces 13
Garage No
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by BLUE FOREST REALTY INC.
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