If you are looking for an absolutely turn key 12-unit apartment building, this is it. Priced at a 6.2 cap rate. This building has had extensive renovations in the past 5 years. You will not find a better investment opportunity. 9 one-bedroom apts and 2 one-bedroom with dens and 1 two-bedroom with new kitchens, bathrooms, flooring, doors, trim, some new electrical and plumbing, drywall, heating, laundry room, security room, paved parking, appliances, fire and smoke system, and revamped decks. Great downtown Penetanguishene location, walking distance to shopping, restaurants, and a beautiful trail system along the waterfront park on Georgian Bay.Very easy to find quality tenants in this location. Minimum 36 hours' notice to show the building. First visit, we will set up only 3 apartments to give you a good feel of the property. Listing agent must be present for all showings. Financials available upon request. (id:51532)
| Property Summary |
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| Building |
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| Land |
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| Features | |||||
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| Level lot | Flat site | Dry | |||
| Paved yard | No Garage | Shared | |||
| Water Heater | Dryer | Alarm System | |||
| Two stoves | Washer | Two Refrigerators | |||
| None | Separate Heating Controls | Separate Electricity Meters | |||
