Coldwater, ON L0L2C0,12369 COUNTY ROAD 16
Coldwater, ON L0L2C0,12369 COUNTY ROAD 16
Coldwater, ON L0L2C0,12369 COUNTY ROAD 16
8
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$1,750,000
Est. payment /mo
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8 BD
8 BA
6,556 SqFt
Price Dropped by $200K

12369 COUNTY ROAD 16 Coldwater, ON L0L2C0

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Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 6,556 sqft

Price per Sqft $266

Subdivision Se57 - Coldwater

MLS® Listing ID 40609857

Bedrooms 8

Originating Board Barrie & District Association of REALTORS® Inc.

Year Built 1974

Lot Size 1.354 Acres

Acres 58980.24

Property Description

Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold as is where is with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project. (id:24570)

Location

State ON

Interior

Heating Baseboard heaters, ,

Exterior

Parking Features Yes

Community Features Quiet Area

View Y/N No

Total Parking Spaces 10

Private Pool No

Building

Story 2

Sewer Septic System

Others

Ownership Freehold


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Listed by Sutton Group Incentive Realty Inc. Brokerage

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Paul Dojcinovic

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12369 COUNTY ROAD 16