350 ST PHILLIPE STREET, Alfred and Plantagenet, Ontario
$479,000
Flooring: Cushion, Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000, (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now!, Flooring: Carpet W/W & Mixed, Flooring: Mixed (id:56241)
- Listing ID: X9524142
- Property Type: Single Family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 350 ST PHILLIPE STREET in Alfred and Plantagenet Ontario. It was last modified on October 24th, 2024. Contact us to schedule a viewing or to discover other Alfred and Plantagenet real estate for sale.