12369 COUNTY ROAD 16 Coldwater

12369 COUNTY ROAD 16, Coldwater

$1,750,000

  • 8
  • 8
6,556 Square Feet
Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold as is where is with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project. (id:41353)
  • Listing ID: 40609857
  • Property Type: Multi-family
  • Year Built: 1974
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Details

  • Community Features: Quiet Area
  • Features: Crushed stone driveway
  • Ownership: Freehold
  • Parking Spaces: 10
  • Transaction: For sale
  • Zoning Description: RM2

Building

  • BasementType: None
  • Constructed Date: 1974
  • Exterior Finish: Stone, Vinyl siding
  • Fireplace Present: False
  • Foundation: Poured Concrete
  • Bathrooms (Total): 8
  • Heating: Baseboard heaters
  • Heating Fuel: Electric, Propane
  • Size Interior: 6556 sqft
  • Stories Total: 2
  • Utility Water: Well

Land

  • Access Type: Road access, Highway access
  • Acreage: true
  • Sewer: Septic System
  • Size Frontage: 298 ft
  • Size Irregular: 1.354
  • Size Total: 1.354 ac|1/2 - 1.99 acres

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    This property for sale is located at 12369 COUNTY ROAD 16 in Coldwater. It was last modified on December 20th, 2024. Contact Maggie Horne to schedule a viewing or to discover other Coldwater properties for sale.

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