Courtesy of: Brenden Scott, Broker, RIGHT AT HOME REALTY
Courtesy of: Brenden Scott, Broker, RIGHT AT HOME REALTY
$699,900
|
8 bed
|
|
5.00 Bath
|
|
Multi-family
|
$699,900
229 ELGIN STREET W 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:203)