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$ 1,300,000
Est. payment | /mo
24,641 SqFt
$ 1,300,000
Est. payment | /mo
24,641 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 24,641 sqft
Price per Sqft $52
Subdivision Port Hope
MLS Listing ID X12151667
Annual Tax Amount $12,801
Tax Year 2024
Property Sub-Type Investment
Property Description
An exceptional opportunity to acquire a turn-key investment property in the thriving community of Port Hope. This multi-residential building boasts seven units, all units have been completely renovated with modern finishes, attracting quality tenants. All tenants pay their own hydro, reducing landlord expenses. With Port Hope's consistently low vacancy rate, this property offers excellent income stability and growth potential. Strategically located, this property is perfectly positioned to capitalize on Port Hope's growing demand for rental housing. Whether you're a seasoned investor or looking to expand your portfolio, this property is a must-see for anyone seeking a strong return on investment in a robust rental market. Don't miss out on this rare opportunity to secure a high-performing asset in this desirable markets. There is further upside to be realized when tenants turn over or by separating heat and water expenses to future tenants. Interior unit photos may be from prior to current tenants moving in. ***MOTIVATED SELLER Opportunity to bundle multiple listings for a better CAP and price. See MLS listings X12151686, X12151707, X12164060, X12151667. Willing to sell these 27 units at an overall reduced price.
Location
Province ON
County Northumberland
Community Port Hope
Area Northumberland
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 62.8
Lot Depth 392.37
Listed by RE/MAX JAZZ INC.