283 Main Street N Alexandria, Ontario K0C 1A0
$769,900
A fantastic opportunity to own an 8-Unit building in Alexandria! Close to the train station and many other amenities within walking distance. This brick building features 8 x 2-bedroom units, as well as a common laundry area in the basement. New two story porch installed in 2021, and several other upgrades in the last 3 years. One year old coin-op washer/dryer included. Gross revenue of over $74,485 and a NOI of $51,297! All units except one are well below market rent. Lots of room for upside! All long term tenants. Put 20-25% down and this property will cash flow from positive from day 1. Grow your investment portfolio today and thank yourself tomorrow! (id:37229)
Property Details
| MLS® Number | 1374621 |
| Property Type | Multi-family |
| Neigbourhood | Alexandria |
| Parking Space Total | 7 |
Building
| Constructed Date | 1900 |
| Exterior Finish | Brick |
| Fireplace Present | No |
| Foundation Type | Poured Concrete, Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat, Radiant Heat |
| Stories Total | 2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 120 Ft |
| Size Frontage | 58 Ft |
| Size Irregular | 58 Ft X 120 Ft |
| Size Total Text | 58 Ft X 120 Ft |
| Zoning Description | General Commercial |
https://www.realtor.ca/real-estate/26650301/283-main-street-n-alexandria-alexandria
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April 24 2024 04:28:35
Cornwall & District Real Estate Board
Keller Williams Integrity Realty