350 ST PHILLIPE STREET Active Save Request In-Person Tour Request Virtual Tour
Alfred,ON K0B1A0
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Alfred
MLS Listing ID 1417952
Year Built 1940
Property Description
Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000, (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now! (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling None
Flooring Wall-to-wall carpet,Mixed Flooring
Exterior
Garage No
Waterfront No
View Y/N No
Building
Story 2
Sewer Municipal sewage system