757 Fourth Avenue Tay, Ontario L0K 1R0

$849,000

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. (id:55460)

Property Details

MLS® Number	S13821326
Property Type	Multi-family
Community Name	Port McNicoll
Features	Carpet Free
Parking Space Total	10

Building

Bathroom Total	4
Bedrooms Above Ground	7
Bedrooms Total	7
Appliances	All
Basement Development	Other, See Remarks
Basement Type	N/a (other, See Remarks)
Cooling Type	None
Exterior Finish	Stucco
Foundation Type	Poured Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	2,000 - 2,500 Sqft
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	120 Ft
Size Frontage	60 Ft
Size Irregular	60 X 120 Ft
Size Total Text	60 X 120 Ft
Zoning Description	R3

Utilities

Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/30319881/757-fourth-avenue-tay-port-mcnicoll-port-mcnicoll