2421 ON-24

ON-24, Norfolk County, ON, N3Y 4K3

Beds

Baths

2,858

Sq. Ft.

$875,000

List Price

198 days on market

Quick Summary

Profitable cash-flowing four-plex
Convenient location near amenities
Spacious units with varied layouts
Extensive recent interior and exterior renovations
Ample parking on 2.12 acre parcel
Fully rented to reliable A+ tenants
Tenants pay own utilities
Scenic fields at the rear of property

Investors. This turn-key, low maintenance, cash flowing Four-plex is located near the heart of Simcoe. Close to shopping, dining, and entertainment. Cap Rate of 7.09. Built in 1950, unit is situated on a 2.12 acre parcel backing onto scenic fields. Lots of parking in front. 4 spacious are fully rented to A+ tenants units and each unit pays it's own hydro and gas meter. This building has an extensive list of new updates and renovations throughout the interior and exterior. 1-3 Bedroom unit, 1-1 Bedroom unit, 1-1+Den unit, and 1-2 Bedroom unit. (id:54626)

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Property Details

Size

2,858 sq. ft.

across 2 floors

7 Beds

4 Baths

4 Full

Parking

8 Parking Spaces

Attached Garage

Lot

Size

1163′12″ * 6227′11″

Acres

Build

Year Built

1950

Model Name

Basement

Exterior

Vinyl siding

Foundation

Brick

Builder Name

Stories

Flooring

Roof

Heating & Cooling

Heating

Cooling

None

Utilities

Water

Well

Sewer

Septic System

SHOW LESS

Ownership Details

Ownership

Title

Freehold

Zoning

Source

Listing Brokerage

MLS® Listing

40591589

Brokerage

Century 21 Heritage House LTD

MLS® Listing

40591589

Last Updated

June 18, 2024

Brokerage

Century 21 Heritage House LTD

Call us 800-591-0566

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