71 Mcgonigal Street W Arnprior, Ontario K7S 1M2

$678,800

Fantastic investment opportunity in downtown Arnprior! This updated and fully leased multiplex is perfect for owner-occupied use or as a strong addition to your rental portfolio. Located on a quiet street, the property has been exceptionally maintained with long-term, adult tenants in a non-smoking building. The building has had zero rent arrears in the past 14 years, showcasing its stability and reliability. Financial highlights include annual rents of $48,800, expenses of $8,912, and net operating income of $39,888 providing a healthy 5.8% cap rate. Tenants pay their own hydro with separately metered units, and the property also offers on-site laundry, four parking spaces, Inclusions are 4 fridges, 4 stoves, 3 air conditioning units, and washer/dryer. Showings require 24 hours notice. Please allow 28 hours irrevocable on all offers. Vendor may consider assisting with financing. Contact the listing agent for complete financial details. Kindly do not access the property without prior arrangements. (id:43934)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12438060
Property Type	Multi-family
Community Name	550 - Arnprior
Equipment Type	Water Heater
Parking Space Total	4
Rental Equipment Type	Water Heater

Building

Bathroom Total	4
Age	100+ Years
Appliances	Dryer, Washer, Window Air Conditioner
Cooling Type	Partially Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Other
Size Exterior	2450 Sqft
Size Interior	2,450 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	93 Ft ,2 In
Size Frontage	26 Ft ,6 In
Size Irregular	Bldg=26.5 X 93.2 Ft
Size Total Text	Bldg=26.5 X 93.2 Ft
Zoning Description	Mu/c

https://www.realtor.ca/real-estate/28936201/71-mcgonigal-street-w-arnprior-550-arnprior