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229 Elgin Street W

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  • 8 Bedroom
  • 5 Bathroom
  • 3,500 - 5,000 ft2
  • None
  • Forced Air

$699,900

Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom units, each with its own hydro meter. Everything is tenanted, all units are turn key. The Building is well appointed on a 71' X 101' Lot with 8 designated parking spots. Recent upgrades include Roof, Fire Sprinkler System. Ideal property for a value-add investors this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at an 7.5% cap rate. GOI $71,000. (id:50982)

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Details

Property Details
MLS® Number X12561804
Property Type Multi-family
Community Name 550 - Arnprior
Equipment Type Water Heater - Electric, Water Heater
Parking Space Total 8
Rental Equipment Type Water Heater - Electric, Water Heater
Building
Bathroom Total 5
Bedrooms Above Ground 8
Bedrooms Total 8
Appliances Stove, Refrigerator
Basement Development Unfinished,other, See Remarks
Basement Type N/a (unfinished), N/a (other, See Remarks)
Cooling Type None
Exterior Finish Brick Veneer, Vinyl Siding
Foundation Type Block, Slab, Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 3,500 - 5,000 Ft2
Type Other
Utility Water Municipal Water
Parking
No Garage
Land
Acreage No
Sewer Sanitary Sewer
Size Depth 101 Ft ,2 In
Size Frontage 70 Ft ,9 In
Size Irregular 70.8 X 101.2 Ft
Size Total Text 70.8 X 101.2 Ft

Map

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