Legal 6 APARTMENTS for 600K with a cap rate just under 6%. OPPORTUNITY to own right in the town of Almonte close to all amenities, Hospital, Parks, Restaurants, and Shopping. Easy rental location! 7 Parking Spots. All 6 units pay their own utilities and are all on SEPARATE hydro meters + common hydro meter.
Gross INCOME of $52,276/year. 3 - One Bedrooms, 2 -Two Bedrooms, 1 - Bachelor, all with separate entrances. Annual Expenses of approximately $17,283. POTENTIAL to increase rents with turn-overs.
All the units have been maintained and renovated as needed by long term owner. Happy long-term tenants and newer tenants. Building has been inspected by the Fire Chief. Perfect for any first time investor or an addition to your portfolio.
Minimum 24 Hour notice for all showings. BOOK YOUR SHOWING TODAY!