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229 ELGIN Street
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$639,900 List $639,900 Expired
Sold on: 188 days ago
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Key Facts
Key facts for 229 ELGIN Street
Property Type
Apartment, 4 Plex
Parking
10 parking
MLS #
1345206
Size
-
Basement
Cellar,Other (See Remarks), Unfinished
Listed on
2023-06-03
Lot size
71 x 101
Tax
$3,891 /yr
Days on Market
188
Year Built
1930
Maintenance Fee
-
Description
Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom units, each with its own ...hydro meter. This property has been well-maintained and brought up to date over the years. Everything is tenanted, all units are turn key. The Building is well appointed on a 71’ X 101’ Lot with 10 designated parking spots. Recent upgrades include Roof, Basement Spray Foam, Furnace and Fire Sprinkler System. Ideal property for a value-add investor as this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at a 7.2% cap rate.
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Courtesy of: RIGHT AT HOME REALTY

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