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297 6th St

6th St, Hanover, ON, N4N 1C3

8
Beds
8
Baths
4,800
Sq. Ft.
$1,375,000
List Price
Details
Photos
12
Comparables
History
297 6th St, Hanover, ON - 1 of 3
297 6th St, Hanover, ON - 2 of 3
297 6th St, Hanover, ON - 3 of 3
360 days on market

Quick Summary

  • Stable tenants pay utilities in clean 8-plex
  • Below market rents have room to increase
  • Vendor financing available for buyers
  • Many units updated and modernized
  • New roof recently installed

Over 7% cap rate on this purpose built clean 8-plex. Stable tenants who pay their own separately metered hydro, many improvements, some units have been updated and modernized, new roof. Rents are below market value and there is room for future rent increases. Potential vendor take back for qualified buyers. No financial disclosures... Show More

Over 7% cap rate on this purpose built clean 8-plex. Stable tenants who pay their own separately metered hydro, many improvements, some units have been updated and modernized, new roof. Rents are below market value and there is room for future rent increases. Potential vendor take back for qualified buyers. No financial disclosures without a signed NDA. (id:54626)

Property Details

Size

4,800 sq. ft.
across 2 floors
8 Beds
8 Baths
8 Full

Parking

8 Parking Spaces
-

Lot

Size
647′12″ * 1380′0″
Acres
-

Build

Year Built
-
Model Name
-
Basement
Unfinished
Exterior
Brick, Concrete
Foundation
Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
-
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40490547
Last Updated
June 18, 2024
Brokerage
CENTURY 21 HERITAGE HOUSE LTD., Brokerage (Mount Forest)
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Call us 800-591-0566

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