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$ 118,000

365 Water Street, Plantagenet, ON, K0B 1L0

Listing ID# 1072946
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$ 118,000

  • 365 Water Street
    Plantagenet, ON K0B 1L0
  • Listing ID 1072946
  • Building Type: Multifamily
  • Stories: 2
  • Status: For Sale/Active
  • Days on Market: 107
  • Tax Year: 2015
  • Taxes: $1,994.00
  • Garage Type: Shared Driveway
  • Heating: Forced Air
  • Locker: Mechanical
  • Utilities: Sewer: Sewer Connected
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Property Description

Return On Investment (ROI) of 20%+ with 20% down! WATERFRONT DUPLEX... assessed at $155,500 by MPAC, Lot size is 83.83 x 105.60 feet! Needs TLC and some cosmetic work but all in all, where will you get a $118k investment backing on the water with a 8.22% cap rate??!! Or LIVE-IN A BIG HOUSE AND RENT A SEPARATE UNIT. FULLY RENTED, month-to-month. TWO-CAR GARAGE. MUNICIPAL WATER + SEWER. Detached mainly brick multi-unit has 2 units (5 bedrm - $1200, Bachelor - $465). Gross income - $19,980. Expenses - $9701 = $10,279 current NOI. Cap rate - 8.22%. Tenants pay NO utilities - rent is all-inclusive. In between OTTAWA and MONTREAL, backing onto South Nation River. Newer Metal Roof and the roof to the addition, Nat Gas Furnace 4 yrs old! Some windows upgraded! Prop tax: $1994/2015. Own this investment + make $$ today. Easy to run, turnkey investment. WE WELCOME OFFERS!




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