350 St Phillipe Street Alfred And Plantagenet, Ontario K0B 1A0

$449,000

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:43934)

Property Details

MLS® Number	X12014334
Property Type	Multi-family
Community Name	609 - Alfred
Parking Space Total	6

Building

Basement Development	Finished
Basement Type	Full (finished)
Exterior Finish	Brick
Foundation Type	Unknown
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	63 Ft
Size Frontage	87 Ft
Size Irregular	87 X 63 Ft ; 0
Size Total Text	87 X 63 Ft ; 0
Zoning Description	Commercial

https://www.realtor.ca/real-estate/28012585/350-st-phillipe-street-alfred-and-plantagenet-609-alfred