ANNUAL INCOME OF $74,400 with a 7.8 cap rate! This turn-key, low maintenance, cash flowing Fourplex located in Simcoe is on a double lot with plenty of parking. A++ tenants with spacious units and each unit has it's own hydro meter. This building has an extensive list of new updates and renovations throughout the interior and exterior. Many upgrades including roof (2020), electrical (2019), plumbing (2017). Additional income with coin- op laundry. Located in the heart of Simcoe close to all amenities including the Norfolk Golf Club and Port Dover. Don't miss out on this great opportunity! (id:4555)
PROPERTY SPECS
Listing ID X10408685
Address 85 KENT STREET N
City Norfolk (Simcoe), ON
Price $800,000
Bed / Bath 6 / 4 Full
Construction Concrete, Wood
Land Size 66.87 x 124.17 FT
Type Fourplex
Status For sale
EXTENDED FEATURES
AppliancesDishwasher, Dryer, Refrigerator, Stove, WasherBasementPartialParking6Amenities NearbyHospital, Park, Place of Worship, SchoolsBuilding AmenitiesSeparate Electricity MetersFoundationPoured ConcreteHeatingHeat PumpUtility WaterMunicipal waterDate Listed2024-11-05 21:01:41Days on Market9Parking6