7 Bedroom
4 Bathroom
3004 sqft
None
Forced Air
$624,900
It's A Money Maker! This fully leased 4-plex offers a solid investment opportunity with a 5.5% CAP rate (at current income & expenses) as well as solid tenancies. Over 3,000 square feet above grade, low maintenance and located in a quiet, established South Ingersoll neighborhood. Easy access to the 401 & walking distance to downtown, shopping and schools. TWO 1-Bedroom units upstairs: each has a ground level porch/patio and spacious ground level entries/foyers. You'll find a spacious 2-bedroom main floor apartment at the west end of the building. The 2 bedroom unit has on site parking, a fenced yard, deck and functional laundry/mud room. The main floor 3-bedroom apartment, at the east end of the building, has a rare attached double garage with inside access. This apartment is open and bright, has a dedicated laundry/mud room, it's a deck in in the good sized back yard. Consider owner occupying one unit. No rental equipment, 4 separate hydro meters, and tenants pay their own gas and hydro. Act now to secure this great investment opportunity with positive cash flow. 24-48 hours notice appreciated for showings. (id:31697)
Property Details
MLS® Number
|
40611040 |
Property Type
|
Multi-family |
Amenities Near By
|
Golf Nearby, Hospital, Park, Place Of Worship, Playground, Schools, Shopping |
Community Features
|
Quiet Area, Community Centre, School Bus |
Features
|
Paved Driveway |
Parking Space Total
|
6 |
Structure
|
Porch |
Building
Bathroom Total
|
4 |
Bedrooms Total
|
7 |
Appliances
|
Garage Door Opener |
Basement Development
|
Unfinished |
Basement Type
|
Full (unfinished) |
Constructed Date
|
1880 |
Cooling Type
|
None |
Exterior Finish
|
Aluminum Siding |
Foundation Type
|
Stone |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Stories Total
|
2 |
Size Interior
|
3004 Sqft |
Type
|
Fourplex |
Utility Water
|
Municipal Water |
Parking
Land
Access Type
|
Highway Access |
Acreage
|
No |
Fence Type
|
Partially Fenced |
Land Amenities
|
Golf Nearby, Hospital, Park, Place Of Worship, Playground, Schools, Shopping |
Sewer
|
Municipal Sewage System |
Size Depth
|
68 Ft |
Size Frontage
|
132 Ft |
Size Total Text
|
Under 1/2 Acre |
Zoning Description
|
R2 |
https://www.realtor.ca/real-estate/27096416/131-133-cherry-street-ingersoll