Great opportunity for Investment. Purchase a 10 Unit - 2 storey Apartment Building on approx 2.114 Acre of Land. 8 - 2 Bedroom and 2 - 1 Bedroom Units. Common area water & sewer $11,004/yr and Hydro $11,212/yr. Separate gas units in each apartment. Small, quiet community, attracts residents from neighboring towns. Central location between Owen Sound, Sauble Beach. Short drive located conveniently located on Hwy between Owen Sound and Sauble Beach. Septic system replaced 2 years ago. Price is based on 6.7% cap rate on CMHC income and expense standards. (id:51075)
Fabulous purpose built apartment building in the lovely village of Shallow Lake. Located in a quiet residential area, this rental complex features 8 - 2bed 1bth apartments and 2- 1bd 1bth apartments. Each unit is 2storeys with plenty of living space and a partially fenced patio. Well maintained, the property is fully leased. Leases include utilities. Heating is with gas wall units on the main level and electric baseboard on the second floor. Property is on municipal water and has a septic system updated in 2019. Coin op laundry in the building. Property features plenty of parking space, metal roof, LED lighting, updated flooring, updated septic. Good income with long term tenants.
As the MLS and public records start to fill up, we'll list the details here.