62 ELK STREET , Aylmer

$529,900 / MLS® Listing #:248829

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5 Unit money making rental property with outstanding potential for increased rents & profitability/return. 4 one bedrooms rented at $509 monthly, one two bedroom rented at $850 monthly. 6 separate meters with all apartment tenants paying all personal heat (electric baseboard) & electricity. Garage/shop rented at $400 monthly. All tenants month to month. Well maintained building with metal roofing (approximately 7 years old) on close to 100% of main building & garage (very small amount of traditional shingling on garage & small addition at rear of main building). Laundry generates an additional $960 (approximately) of income annually. Priced to sell with cap rate of 5.6% & plenty of room to raise rents/income. Hydro # in expenses is electricity (common area-6th meter) + water expense for entire building and Heat # is for gas consumed by hot water heater & hot water heat in common areas. Hot Water Heater is owned. (id:10452)

Property Details

Property Type Multi-Family
Architectural Style Multi-Unit
Square Feet
Maintenance N/A
Days On Our Website 19
Basement - Partial
Kitchens
Lot Dimensions under 1/2 acre
Pool N/A
Area Aylmer
Air Conditioning None
Heating Natural gas - Baseboard heaters, Hot water radiator heat
Exterior Aluminum siding
Parking Spaces 11
Parking Type Detached garage
Sewers Municipal sewage system
Water Municipal water

Listing Office: RE/MAX CENTRE CITY REALTY INC., BROKERAGE, INDEPENDENTLY OWNED AND OPERATED



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