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

    Est payment $6,122/mo
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    Views   1
    Time on Jump  117 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.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    12369 County Road 16 N/a
    Severn , Ontario
    10 $1,275,000
    Get more info