$ 479,000
350 ST PHILLIPE STREET Alfred, ON K0B1A0
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$ 479,000
Est. payment | /mo
2,100 SqFt
$ 479,000
Est. payment | /mo
2,100 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $228
Subdivision Alfred
MLS® Listing ID 1417957
Originating Board Ottawa Real Estate Board
Year Built 1940
Property Description
Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000 (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now! (id:24570)
Location
State ON
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 6
Private Pool No
Others
Ownership Freehold
Listed by POWER MARKETING REAL ESTATE INC.