1144 North Street Dresden, ON

Attention Investors. One floor purpose built 7 unit building in excellent condition on a 1.87 acre premium lot with potential for further future development on the property. There are 5 2 bedroom units and 2 3 bed units. Fully rented (some long term tenants). All tenants on month-to-month tenancy. Tenants pay hydro & heat. (All units separately metered). No fridges or stoves included with rent. There is a common laundry area with one coin operated washer and dryer. Each unit has 2 parking spaces with ample visitor parking available. Roof approx. 8 years, all windows replaced & most front and rear doors replaced. All concrete walkways replaced. Many improvements in each unit. Total annual gross income: 59,685.36. Annual Building Insurance: 7,811. Annual taxes: 12,684.57.Total Annual Expenses: 25,895.57. Utilities: 5,400. (Water, sewage & common area hydro) Net Income: 33,789.79 (id:4555)