2421 Highway 24 Simcoe, Ontario N3Y 4K3
$875,000
Investors. This turn-key, low maintenance, cash flowing Four-plex is located near the heart of Simcoe. Close to shopping, dining, and entertainment. Cap Rate of 7.09. Built in 1950, unit is situated on a 2.12 acre parcel backing onto scenic fields. Lots of parking in front. 4 spacious are fully rented to A+ tenants units and each unit pays it's own hydro and gas meter. This building has an extensive list of new updates and renovations throughout the interior and exterior. 1-3 Bedroom unit, 1-1 Bedroom unit, 1-1+Den unit, and 1-2 Bedroom unit. (id:60234)
Property Details
| MLS® Number | 40591589 |
| Property Type | Multi-family |
| AmenitiesNearBy | Schools |
| CommunityFeatures | High Traffic Area |
| EquipmentType | Water Heater |
| Features | Backs On Greenbelt, Crushed Stone Driveway |
| ParkingSpaceTotal | 8 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 4 |
| BedroomsTotal | 7 |
| BasementType | None |
| ConstructedDate | 1950 |
| CoolingType | None |
| ExteriorFinish | Vinyl Siding |
| FireProtection | Alarm System |
| FoundationType | Brick |
| HeatingFuel | Natural Gas |
| StoriesTotal | 2 |
| SizeInterior | 2858 Sqft |
| Type | Fourplex |
| UtilityWater | Well |
Parking
| Attached Garage |
Land
| AccessType | Road Access |
| Acreage | Yes |
| LandAmenities | Schools |
| Sewer | Septic System |
| SizeDepth | 519 Ft |
| SizeFrontage | 97 Ft |
| SizeIrregular | 1.86 |
| SizeTotal | 1.86 Ac|1/2 - 1.99 Acres |
| SizeTotalText | 1.86 Ac|1/2 - 1.99 Acres |
| ZoningDescription | A, Hl |
Interested?
Contact us for more information
Andy Tulloch
Salesperson
505 Park Rd N., Suite #216
Brantford, Ontario N3R 7K8
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June 18 2024 04:15:55
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