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Quick Summary
Quick Summary
- Profitable legal fourplex with high annual income
- Newly paved driveway and parking lot with steel roof
- Close proximity to educational institutions and amenities
- High rental demand in the area with 10 total bedrooms
- Easy to finance property with walkable and bikeable location
This Property Is A Legal Fourplex That Generates A High Income Of Approximately $82800 Annually For The Owner. The Annual Expenses Are Roughly: Hydro 580/month Gas 360/month Water 320/month Insurance 500/month Tax 4800/year Maintenance 2000/year. Monthly rental income: Unit 1 $1550, unit 2 $1650, unit 3 $1850, unit 4 $2000. The Location... Show More
This Property Is A Legal Fourplex That Generates A High Income Of Approximately $82800 Annually For The Owner. The Annual Expenses Are Roughly: Hydro 580/month Gas 360/month Water 320/month Insurance 500/month Tax 4800/year Maintenance 2000/year. Monthly rental income: Unit 1 $1550, unit 2 $1650, unit 3 $1850, unit 4 $2000. The Location Of The Property Is Great And There Is A High Demand For Rentals In The Area. The Property Is Easy To Finance And Has A Walk Score Of 35 And A Bike Score Of 64. There Are A Total Of 10 Bedrooms In The Property And It Is Close To The Water And Downtown Area. Motivated Seller. Also Features A Newly Paved Driveway & Parking Lot & A Steel Roof. The Area Is Influenced By Georgian College, Lakehead University, Orillia Provincial Police Academy, Marina & Casino Rama. Lawn & Snow Maintenance Not Included In Expenses.
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![371 East St, Orillia, ON](https://media.unreserved.com/residential-listing/DZgy2/images/K3Qoj0-lT7exYsLOtFF3QA_58_36_f.jpeg)
- 10
- 4
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- 2
- 1
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- 2
- 1
![409 East St, Orillia, ON](https://media.unreserved.com/residential-listing/aY9rX/images/6uw3TykeQ5yPrjhn6dE5ZA_58_36_f.jpeg)
- 700 - 1,100 Sq. Ft.
- 2
- 1
![409 East St, Orillia, ON](https://media.unreserved.com/residential-listing/Qqp3l/images/OmBVY1p7QIWWgpJw3mYIgg_58_36_f.jpeg)
- 2
- 1
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- 4
- 2
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- 2
- 1
![220 Hilda St, Orillia, ON](https://media.unreserved.com/residential-listing/MEmoM/images/kdePFFJCSR-hCOcTTU3dUw_58_36_f.jpeg)
- 700 - 1,100 Sq. Ft.
- 1
- 1
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