216 John Street N Arnprior, Ontario K7S 2N9
$699,900
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 MULTI-GENERATION/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:35885)
Property Details
| MLS® Number | 1401016 |
| Property Type | Multi-family |
| Neigbourhood | Arnprior |
| Amenities Near By | Recreation Nearby, Shopping, Water Nearby |
| Easement | Unknown |
| Parking Space Total | 4 |
Building
| Basement Development | Unfinished |
| Basement Features | Low |
| Basement Type | Full (unfinished) |
| Constructed Date | 1924 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Flooring Type | Mixed Flooring, Hardwood, Tile |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Stories Total | 2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Open |
Land
| Acreage | No |
| Land Amenities | Recreation Nearby, Shopping, Water Nearby |
| Sewer | Municipal Sewage System |
| Size Depth | 109 Ft ,10 In |
| Size Frontage | 74 Ft ,10 In |
| Size Irregular | 74.8 Ft X 109.85 Ft |
| Size Total Text | 74.8 Ft X 109.85 Ft |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/27132127/216-john-street-n-arnprior-arnprior
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Ottawa Real Estate Board
Paul Rushforth Real Estate Inc.
July 05 2024 05:12:04
