Flooring: Cushion, 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!, Flooring: Carpet W/W & Mixed, Flooring: Mixed (id:6673)
| MLS® Number | X9524142 |
| Property Type | Single Family |
| Neigbourhood | Alfred |
| Community Name | 609 - Alfred |
| ParkingSpaceTotal | 6 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| Type | Fourplex |
| UtilityWater | Municipal Water |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 63 Ft |
| SizeFrontage | 87 Ft |
| SizeIrregular | 87 X 63 Ft ; 0 |
| SizeTotalText | 87 X 63 Ft ; 0 |
| ZoningDescription | Commercial |
Contact us for more information
Hamid Riahi
Broker
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)