229 Elgin Street, Downtown in Arnprior, ON
This is a Multi-family Listing with Surfaced parking.
229 Elgin Street, Downtown in Arnprior
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 7.6% cap rate. (id:6289)
$639,900
229 Elgin Street, Arnprior, Ontario
Essential Information
- MLS® #1372668
- Price$639,900
- Bathrooms0.00
- Acres0.16
- Year Built1930
- TypeMulti-family
- Days on Website119
Amenities
- AmenitiesRecreation Nearby, Shopping
- UtilitiesFully serviced
- FeaturesCorner Site, Flat site
- Parking Spaces10
- ParkingSurfaced
Exterior
- ExteriorBrick, Siding
- FoundationPoured Concrete, Stone
Community Information
- Address229 Elgin Street
- SubdivisionDowntown
- CityArnprior
- Postal CodeK7S1P4
Interior
- HeatingNatural gas Forced air
- CoolingNone
- # of Stories2
Listing Details
- Listing OfficeRIGHT AT HOME REALTY