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- Mortgage Info
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 Type||Multi-6-9 Unit|
|Square Feet||0 to 500|
|Days On Our Website||12|
|Heating||Hot Water-Other - Hot Water-Other|
Listing Office: KELLER WILLIAMS LIFESTYLES REALTY, BROKERAGE
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