+15 more
11
Bedrooms
6
Bathrooms
8,202 sqft
Living Area
4
Parking
About This Property
This 11-bedroom, 6-bathroom multi-family in South Dundas offers 8,202 sqft of living area. 2 storeys. The property has lot dimensions of Bldg=50 x 150 FT. The home features forced air, natural gas heating.
MLS Remarks
Well-maintained 6-unit investment property located in Morrisburg, featuring five bright 2-bedroom units and one 1-bedroom unit. Each unit offers comfortable living space with functional layouts, appealing to a wide range of tenants. The building includes on-site laundry for added convenience. Situated in a desirable and growing community, this property presents a solid opportunity for investors seeking steady income with long-term potential and upside. The property generates a current gross annual income of $96,433 with a net operating income (NOI) of $72,790 , reflecting a strong cap rate of 6.62%.Please see attachment for detailed rent roll, income, and expense information. (id:60351)
Inclusions
6 fridge, 6 stove, 2 washer, 2 dryer
Overview
Property Typeresidential
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