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$ 849,000
Est. payment /mo
New
757 Fourth AVE Tay, ON L0K 1R0
7 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Port Mcnicoll
MLS Listing ID S13821326
Style 2-Storey
Bedrooms 7
Annual Tax Amount $2,117
Tax Year 2025
Property Sub-Type Fourplex
Property Description
INVESTMENT OPPORTUNITY! Fully tenanted four-plex offering and excellent opportunity for investors seeking a turnkey income producing property. The property features four- self contained residential units, including Unit 1- 2 Bed, Unit 2- 1 Bed, Unit 3- 2 Bed, Unit 4- 2 bed, providing a desirable mix of long-term rental demand. Current gross rental income $78,000 annually from the 4 units, laundry and storage. Current operating expenses are approximately $17,126 annually, resulting in a Net of $60,873. Well suited for experienced investors and those looking to add a multi-residential property to their portfolio. With all 4 units occupied, the property offers immediate rental income and an established tenant base. Property is fully tenanted. Showings of the interior are available following an acceptable offer, with appropriate notice to tenants. Please do not disturb the tenants. Bonus: Mixed use zoning allowing for residential or commercial.
Location
State ON
County Simcoe
Area Simcoe
Rooms
Family Room No
Basement Other
Kitchen 4
Interior
Interior Features Carpet Free
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Year Round Living
Pool None
Roof Type Asphalt Rolled
Lot Frontage 60.0
Lot Depth 120.0
Total Parking Spaces 10
Building
Foundation Poured Concrete
Others
ParcelsYN No
Listed by CENTURY 21 B.J. ROTH REALTY LTD.
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