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216 JOHN STREET N
Arnprior, Ontario K7S2N9

$699,900

ID# 1401016

ABOUT THIS PROPERTY


ATTENTION INVESTORS. OPPORTUNITY KNOCKS!! LEGAL FOURPLEX. This fantastic FOURPLEX in the prime location of BOOMING downtown Arnprior is a tremendous TURNKEY INVESTMENT with impressive financials yielding a 5.2+ CAP RATE. EXCEPTIONAL VALUE. Safely tucked away just steps from all amenities. Well maintained w/ plenty of updates make this beauty a diamond in the rough for multi-unit properties. A purpose built full brick FOURPLEX w/ 4 large 1 bedroom units. 3 Units have recently been fully renovated to modern standards and can bring in market rents of $1400+ or leverage your mortgage by living in one unit, rent the others OR perfect for MULTI-GENERATION/FAMILY living. Prime location for easy renting w/ units in high demand for quality tenants. 1 Parking spot per unit. FANTASTIC TENANTS IN PLACE: Current rents #1- $728.04, #2- $1400, #3-$869.30, #4- $1300. Projected rents are $1400+ per unit. Low maintenance building. Metal Roof (fascia/gutters) 2022. Boiler 2022. Min 24hrs for showings. (id:43993)

PROPERTY DETAILS


Year Built 1924
Cooling Type None
Flooring Type Mixed Flooring, Hardwood, Tile
Heating Type Other
Heating Fuel Natural gas
Stories Total 2

Property Type


Multi-family
Courtesy of PAUL RUSHFORTH REAL ESTATE INC.
Listed on: July 05, 2024

On market: 8 days

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