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757 Fourth Avenue, Tay, ON L0K 1R0

$849,000
: 7
BD
: 4
BA
: 2,000
SqFt

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List Price: $849,000
MLS#: S13821326
Status: ACTIVE
Type: Multifamily
SubType: Fourplex
Style: 2-Storey
Bedrooms: 7
Bathrooms: 4
Living Area: 2000-2500
Province: ON
Municipality: Tay
Area: Simcoe
Neighborhood: Port McNicoll
Subdivision: Talbot/ 4th Ave

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Property Description

INVESTMENT OPPORTUNITY! Fully tenanted four-plex offering and excellent opportunity for investors seeking a turnkey income producing property. The property features four- self contained residential units, including Unit 1- 2 Bed, Unit 2- 1 Bed, Unit 3- 2 Bed, Unit 4- 2 bed, providing a desirable mix of long-term rental demand. Current gross rental income $78,000 annually from the 4 units, laundry and storage. Current operating expenses are approximately $17,126 annually, resulting in a Net of $60,873. Well suited for experienced investors and those looking to add a multi-residential property to their portfolio. With all 4 units occupied, the property offers immediate rental income and an established tenant base. Property is fully tenanted. Showings of the interior are available following an acceptable offer, with appropriate notice to tenants. Please do not disturb the tenants. Bonus: Mixed use zoning allowing for residential or commercial.

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Additional Information

Taxes: $2,117
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: None
Kitchens: 4
Exterior: Stucco (Plaster)
Garage Type: None
Pool: None
Parking Spaces: 10