121 WALNUT Avenue S , Sarnia

14 Bed / 8 Bath / $995,000 / MLS® Listing #:40162348

  • Property Info
  • WalkScore
  • Mortgage Info
  • Share

Purpose-built 8-plex, 3 story walk-up apartment building in central Sarnia. Unit makeup consists of two 1-bedrooms and six 2-bedrooms units. A great value add opportunity with two vacant units that can be renovated and brought up to market value and allow you tenant selection of your choice. Upon fully tenanted, a 5-5.5% cap rate is viable. Opportunity for an additional bachelor apartment in the lower level to further boost income. One (1) coin-operated dryer and one (1) coin-operated washer on site included. Tenants pay their own hydro. Roof replaced (2016) and boiler replaced (2016). Approx. 12 car parking. A well-built and solid building that would make a great addition to your investment portfolio., Directions:From Wellington St. take Walnut Ave. S North. Property located on West side of road. No sign, Exclusions:

Property Details

Property Type Multi-6-9 Unit
Property Style N/A
Square Feet 0 to 500
Property Tax $11,145
Maintenance N/A
Days On Our Website 12
Basement
Kitchens 0
Garages
Pool N/A
Fireplaces
Air Conditioning No
Heating Hot Water-Other - Hot Water-Other
Exterior Brick
Garage Type N/A
Sewers Sewer (Municipal)
Water Municipal

Listing Office: KELLER WILLIAMS LIFESTYLES REALTY, BROKERAGE

Loading WalkScore data...

Loading Mortgage Calculators...

1 Message Us On Facebook Message us on Facebook!
close