Impressive 8.19% Cap Rate, $73,200 in gross annual income! Don't miss this fantastic investment opportunity in Simcoe, ON, with close proximity to grocery stores and amenities. This 4plex includes one spacious 3-bedroom and three 1-bedroom units. With strong rental income and low expenses, this property is a lucrative investment. Each unit has been thoughtfully renovated over the last couple of years with updated electrical, plumbing, new appliances, and modern finishes. The property features separate gas, hydro, and water meters keeping expenses low for the new owner. Additional highlights include a durable metal roof and ample parking for five vehicles. With reliable tenants already in place, this is a hassle-free investment. Act now to secure this well-maintained, income-generating property in Simcoe!
Address
32 Talbot St S
List Price
$799,900
Property Type
Free
Type of Dwelling
Multiplex
Style of Home
2-Storey
Area
Norfolk
Sub-Area
Simcoe
Bedrooms
6
Bathrooms
4
Floor Area
3,500 Sq. Ft.
Year Built
100+
MLS® Number
X11903982
Listing Brokerage
BLUE FOREST REALTY INC.
Postal Code
N3Y 2Z2
Tax Amount
$3,234.00
Tax Year
2024