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    For Sale - 12369 County Road 16 N/A, Severn, Ontario

    Est payment $6,320/mo
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    Time on Jump  72 day

    AI Summary *

    • Multi-residential building with 10 units, 9 currently leased.
    • Stable net income of $68,980.49 from 8 leased units.
    • Potential net income over $100,000 if fully leased.
    • Separate hydro meters available for each unit, never hooked up.
    • The property is sold as-is, with potential for capital improvements.




    Multi-residential investment opportunity with 10-unit 2-story apartment (8 are legalized), 9 are leased. This asset is currently producing a net income of $68,980. 49 (8 units). Including all 9 leased units, the net income increases to $84,580. 49. If the property were fully leased, the potential noi is over $100,000. The landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; seller estimates $70,000. The 2025 expenses are currently estimated.
    Listing IDS12604756
    Address12369 County Road 16 N/A
    CitySevern, Ontario
    Price$1,275,000
    Bath10 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major HighwayHeating / Cooling BaseboardSewer Septic

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    Listing Agency:  SUTTON GROUP INCENTIVE REALTY INC.
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    12369 County Road 16 N/a
    Severn , Ontario
    10 $1,275,000
    Get more info