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More details for 12369 County Rd 16, Coldwater, ON - Multifamily for Sale

12369 County Rd 16

Coldwater, ON L0K 2C0

  • Multifamily for Sale
  • $1,295,000 CAD
  • 6,556 SF
  • Security System

Coldwater Multifamily for Sale - Northern GGH

Multi-residential investment opportunity with 10-unit 2-story apartment (8 are legalized), 9 are leased. This asset is currently producing a net income of $68,980.49 (8 units). Including all 9 leased units, the net income increases to $84,580.49. If the property were fully leased, the potential NOI is over $100,000. The Landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; Seller estimates $70,000. The 2025 expenses are currently estimated.

Contact:

Sutton Group - Incentive Realty

Property Subtype:

Apartment

Date on Market:

2024-10-21
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