350 St Phillipe Street Alfred, Ontario K0B 1A0

$479,000

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	1417952
Property Type	Multi-family
Neigbourhood	Alfred
ParkingSpaceTotal	6

Building

BasementDevelopment	Finished
BasementType	Full (finished)
ConstructedDate	1940
ConstructionStyleAttachment	Attached
CoolingType	None
ExteriorFinish	Brick, Siding
FlooringType	Wall-to-wall Carpet, Mixed Flooring
HeatingFuel	Natural Gas
HeatingType	Forced Air
StoriesTotal	2
Type	Fourplex
UtilityWater	Municipal Water

Parking

Open

Land

Acreage	No
Sewer	Municipal Sewage System
SizeDepth	63 Ft
SizeFrontage	87 Ft
SizeIrregular	87 Ft X 63 Ft
SizeTotalText	87 Ft X 63 Ft
ZoningDescription	Commercial

https://www.realtor.ca/real-estate/27579052/350-st-phillipe-street-alfred-alfred