229 ELGIN STREET W$639,900

#1372629

N/A bed

N/A bath

About the Property

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. This property has been well-maintained and brought up to date over the years. Everything is tenanted, all units are turn key. The Building is well appointed on a 71’ X 101’ Lot with 10 designated parking spots. Recent upgrades include Roof, Basement Spray Foam, Furnace and Fire Sprinkler System. Ideal property for a value-add investor as this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at a 7.2% cap rate. (id:46641)

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Listing Agent

Brenden Scott

Broker

(613) 818-9509

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Property Details

City: Arnprior

Neighbourhood: Arnprior

Build Year: 1930

Property

Property Type

Multi-family

Ownership Type

Freehold

Land Depth

101 ft ,2 in

Building

Exterior Finish

Brick, Siding

Heating Type

Forced air

Cooling Type

Unknown

Parking Space Total

10

Measurements

Additional Info

Listing Contract Date

2024-01-03

Zoning Description

Multiplex

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