$2,200,000

44 & 48 ANNE St, Bobcaygeon

Rare offering.. Well maintained quality built 8 unit apartment complex with nice road appeal, in the village of Bobcaygeon. Same owners for the past 19 years. The property consists of two brick/aluminum clad two-story buildings (33‘ x 61‘) with about 2000 square-foot of rentable floor space on each floor. Each 4000 square-foot building has 4 two bedrooms/one bath apartments (all rented) (2 uppers and 2 ground floor) approximately 1000 square-foot. Lower units have a deck, the uppers have a balcony. All units have a laundry area. High-demand location within walking distance to all amenities. Virtually no vacancies. There’s lots of parking for tenants and guests on the fully paved lot at the rear of the buildings. Excellent tenants that pay for their own Hydro and water. The cost to replace these buildings would be significantly more in today’s dollars. Great long-term, turn-key multi-residential investment. New owners must assume all existing tenants. Buyers will be able to initially view one unit with at least 24 hours’ notice. All 8 units are very similar in size and layout. Arrangements will be made to view all units with an NDA once a conditionally accepted offer is in place. Please respect tenants’ privacy. Rental income: $102,108. Expenses: $22,151. Net income: $79,997. Room for increased cap rate. Rent % increases for 2023 to be determined by the Ontario government.

Details

Price : $2,200,000
Property Type : Multi Family
Purpose : Sell
Status : Available
Area : 4000 Total
Country :
State :
Property ID : 7536

Internal Structure

Bedrooms : (8) 2-bedroom Units
Bathrooms : 1 per unit
Rooms : 8

Features

Balcony
Laundry

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