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:6673)
| MLS® Number | 1417957 |
| Property Type | Retail |
| Neigbourhood | Alfred |
| ParkingSpaceTotal | 6 |
| ConstructedDate | 1940 |
| SizeInterior | 2100 Sqft |
| Acreage | No |
| SizeDepth | 63 Ft |
| SizeFrontage | 87 Ft |
| SizeIrregular | 87 Ft X 63 Ft |
| SizeTotalText | 87 Ft X 63 Ft |
| ZoningDescription | Commercial |
Contact us for more information
Hamid Riahi
Broker
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