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$ 1,849,900
Est. payment | /mo
4,676 SqFt
$ 1,849,900
Est. payment | /mo
4,676 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,676 sqft
Price per Sqft $395
MLS Listing ID S11437801
Annual Tax Amount $16,250
Tax Year 2024
Property Description
Investment Opportunity - Fully tenanted 9 Plex in north ward of Orillia! Newly constructed 9-plex in 2016, converted from a motel, presenting a 6% cap rate. All 9 units have up to current market rents. All units have been upgraded to meet current market demands, ensuring maximum rental potential. With 8 one-bedroom units and 1 three-bedroom unit, this property caters to a diverse tenant base, allowing for steady occupancy and reliable income streams. There has been zero vacancy since 2016. The public coin laundry facility enhances the income potential of this investment, there's room and hook-ups to accommodate additional machines. Each tenant has a dedicated parking space. Additionally there are four visitor parking spaces. Each unit also has private yards. For detailed financial information don't hesitate to inquire within.
Location
Province ON
County Simcoe
Community Orillia
Area Simcoe
Region Orillia
City Region Orillia
Interior
Cooling Partial
Exterior
Utilities Available Yes
Listed by EXIT REALTY TRUE NORTH
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "