LOADING

216 John Street N Arnprior, Ontario K7S 2N9

None Other

$649,900

ATTENTION INVESTORS. OPPORTUNITY KNOCKS!! LEGAL FOURPLEX. This fantastic FOURPLEX in the prime location of BOOMING downtown Arnprior is a tremendous TURNKEY INVESTMENT with impressive financials yielding a 5.2+ CAP RATE. EXCEPTIONAL VALUE. Safely tucked away just steps from all amenities. Well maintained w/ plenty of updates make this beauty a diamond in the rough for multi-unit properties. A purpose built full brick FOURPLEX w/ 4 large 1 bedroom units. 3 Units have recently been fully renovated to modern standards and can bring in market rents of $1400+ or leverage your mortgage by living in one unit, rent the others OR perfect for MULTIGENERATION/FAMILY living. Prime location for easy renting w/ units in high demand for quality tenants. 1 Parking spot per unit. FANTASTIC TENANTS IN PLACE: Current rents #1- $728.04, #2- $1400, #3-$869.30, #4- $1300. Projected rents are $1400+ per unit. Low maintenance building. Metal Roof (fascia/gutters) 2022. Boiler 2022. Min 24hrs for showings. (id:53341)

Property Details

MLS® Number 1413423
Property Type Multi-family
Neigbourhood Arnprior
AmenitiesNearBy Recreation Nearby, Shopping, Water Nearby
Easement Unknown
ParkingSpaceTotal 4

Building

BasementDevelopment Unfinished
BasementFeatures Low
BasementType Full (unfinished)
ConstructedDate 1924
ConstructionStyleAttachment Attached
CoolingType None
ExteriorFinish Brick
FlooringType Mixed Flooring, Hardwood, Tile
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Other
StoriesTotal 2
Type Fourplex
UtilityWater Municipal Water

Parking

Open

Land

Acreage No
LandAmenities Recreation Nearby, Shopping, Water Nearby
Sewer Municipal Sewage System
SizeDepth 109 Ft ,10 In
SizeFrontage 74 Ft ,10 In
SizeIrregular 74.8 Ft X 109.85 Ft
SizeTotalText 74.8 Ft X 109.85 Ft
ZoningDescription Residential