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350 St-Philippe St

St-Philippe St, Alfred and Plantagenet, ON, K0B 1A0

-
Beds
-
Baths
$479,000
List Price
Details
Photos
10
Comparables
History
350 St-Philippe St, Alfred and Plantagenet, ON - 1 of 3
350 St-Philippe St, Alfred and Plantagenet, ON - 2 of 3
350 St-Philippe St, Alfred and Plantagenet, ON - 3 of 3
New
29 days on market

Quick Summary

  • Profitable 4-unit mixed-use building
  • Stable rental income of $38,000 annually
  • Fully occupied with commercial and residential units
  • Potential to expand commercial space
  • Separate utility meters for each unit
  • Opportunity for value-add improvements

Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000, (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main... Show More

Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000, (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now! (id:54626)

Property Details

Parking

6 Parking Spaces
Open

Lot

Size
1043′12″ * 756′0″
Acres
-

Build

Year Built
1940
Model Name
-
Basement
Finished
Exterior
Brick, Siding
Foundation
-
Builder Name
-
Stories
2
Flooring
Wall-to-wall carpet, Mixed Flooring
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Source

Listing Brokerage

MLS® Listing
1417952
Last Updated
November 22, 2024
Brokerage
POWER MARKETING REAL ESTATE INC.
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