36 Chambers Street Smiths Falls, Ontario K7A 2Y4
$995,000
10% CAP RATE!!! Fantastic investment opportunity in Smiths Falls. Centrally located FULLY RENTED 12 unit, 3 storey brick apartment building. Units are comprised of 10-bachelors and 2-one bed units. Close to all downtown amenities and shopping. Hydro separated! GROSS INCOME $118,200. Total expenses $21,690. (Hydro $700 Gas $4700 Water $2800 Taxes $9700 Insurance $3790) NET INCOME $96,510. 10 of the 12 units renovated in 2019. Great opportunity for MEGA CASH FLOW. (id:29438)
Property Details
MLS® Number | 1214076 |
Property Type | Multi-family |
Neigbourhood | SMITH FALLS |
Building
Constructed Date | 1898 |
Exterior Finish | Brick |
Fireplace Present | No |
Foundation Type | Poured Concrete |
Heating Fuel | Natural Gas |
Stories Total | 3 |
Utility Water | Municipal Water |
Land
Acreage | No |
Sewer | Municipal Sewage System |
Size Depth | 120 Ft |
Size Frontage | 41 Ft |
Size Irregular | 41 Ft X 120 Ft |
Size Total Text | 41 Ft X 120 Ft |
Zoning Description | Commercial |
https://www.realtor.ca/real-estate/22462992/36-chambers-street-smiths-falls-smith-falls