8
See all 8 photos
$1,495,000
Est. payment /mo
10 Baths
1 SqFt
New
12369 County Road 16 N/A Severn, ON L0L 2C0
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,495,000
Subdivision Rural Severn
MLS Listing ID S12346588
Building Age 31-50
Annual Tax Amount $6,023
Tax Year 2024
Property Sub-Type Investment
Lot Front 297.81
Property Description
Multi Residential investment opportunity with 10 unit 2 story apartment (8 are legalized), producing a net income of $73,785.94 (8 units). Including all 10 units, the net income increases to over $100,000. The Landlord pays for all utilities, there are separate hydro meters available that have never been hooked up. Property contains 3 septic beds and 1 drilled well. Building being sold in an as is where is capacity. There are outstanding capital required, Seller estimates $70,000.
Location
Province ON
County Simcoe
Community Rural Severn
Area Simcoe
Interior
Cooling Partial
Exterior
Community Features Major Highway
Utilities Available Available
Lot Frontage 297.81
Listed by SUTTON GROUP INCENTIVE REALTY INC.
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