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South River,ON P0A1M0
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $228
Subdivision South River
MLS Listing ID X12198359
Style Bungalow
Bedrooms 8
Source OnePoint Association of REALTORS®
Property Description
Local originators are retiring and are ready to hand off to a new visionary. Pride of ownership is evident in this 8-unit one floor apartment complex made up of from two separate buildings. Current owners have sought a more senior clientele, and always a waiting list of eager applicants for the ever so rare turnover. Each self-contained one-bedroom unit contains a separate entrance, foyer, three-piece bath, kitchen, dining area, living room, owned 20-gallon electric hot water tank, forced air natural gas furnace. Tenants pay for natural gas, and hydro. Total rental income for the properties last fiscal year ending January 31, 2025, was an estimated $91,666.25 and for the same total expenses for the same period $33,777.47 (includes management fee of $5,085 paid to one of the owners). These result in a net income of $57,882.78. Total lot area is 9 acres. Call your Realtor to request rent roll, income and expense report, and other informative documents. (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Main level 1.55 m X 2.7 m Foyer
Extra Room 2 Main level 1.55 m X 2.7 m Bathroom
Extra Room 3 Main level 1.55 m X 2.7 m Bathroom
Extra Room 4 Main level 1.55 m X 2.7 m Bathroom
Extra Room 5 Main level 1.55 m X 2.7 m Bathroom
Extra Room 6 Main level 2.4 m X 2.43 m Kitchen
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Story 1
Sewer Septic System
Architectural Style Bungalow
Others
Virtual Tour https://youtu.be/KWBemqJx7rA