$1,750,000
Available - For Sale
Listing ID: S8466538
12369 County Road 16 , Severn, L0L 2C0, Ontario
| Multi Residential investment opportunity with 10 unit 2 story apartment (8 are legalized), producing a net income of $73,785.94 (8 units). Landlord pays for all utilities, there are separate hydro meters available that have never been hooked up. Property contains 3 septic beds and 1 drilled well. Building being sold in an as is where is capacity. There are outstanding capital required, Seller estimates $70,000. |
| Price | $1,750,000 |
| Taxes: | $6023.62 |
| Tax Type: | Annual |
| Assessment: | $665000 |
| Assessment Year: | 2023 |
| Occupancy by: | Tenant |
| Address: | 12369 County Road 16 , Severn, L0L 2C0, Ontario |
| Postal Code: | L0L 2C0 |
| Province/State: | Ontario |
| Legal Description: | PT LT 1 CON 11 TAY PT 1 & 3, 51R23189; T |
| Directions/Cross Streets: | F.R Nelson Road |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 1.35 |
| Total Area Code: | Acres |
| Area Influences: | Major Highway |
| Approximatly Age: | 31-50 |
| Taxes Expense: | $6024 |
| Insurance Expense: | $8884 |
| Management Expense: | 2517 |
| Heat Expenses: | $5186 |
| Hydro Expense: | $18250 |
| Other Expenses: | $1863 |
| Gross Income/Sales: | $126640 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 10 |
| Outside Storage: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Part |
| Sewers: | Septic |
| Water: | Well |
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| SUTTON GROUP INCENTIVE REALTY INC. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Severn |
| Neighbourhood: | Rural Severn |
| Approximate Age: | 31-50 |
| Tax: | $6,023.62 |
| Maintenance Fee: | $6,000 |
| Baths: | 10 |
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