About 757 Fourth Avenue
INVESTMENT OPPORTUNITY! Fully tenanted four-plex offering and excellent opportunity for investors seeking a turnkey income producing property. The property features four- self contained residential units, including Unit 1- 2 Bed, Unit 2- 1 Bed, Unit 3- 2 Bed, Unit 4- 2 bed, providing a desirable mix of long-term rental demand. Current gross rental income $78,000 annually from the 4 units, laundry and storage. Current operating expenses are approximately $17,126 annually, resulting in a Net of $60,873. Well suited for experienced investors and those looking to add a multi-residential property to their portfolio. With all 4 units occupied, the property offers immediate rental income and an established tenant base. Property is fully tenanted. Showings of the interior are available following an acceptable offer, with appropriate notice to tenants. Please do not disturb the tenants. Bonus: Mixed use zoning allowing for residential or commercial.
Features of 757 Fourth Avenue
| MLS® # | S13821326 |
|---|---|
| Price | $849,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Square Footage | 2000-2500 |
| Type | Residential Freehold |
| Sub-Type | Fourplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 757 Fourth Avenue |
|---|---|
| Area | Simcoe |
| Subdivision | Port McNicoll |
| City | Tay |
| Province | ON |
| Postal Code | L0K 1R0 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | None |
| Fireplace | No |
| Basement | Other |
| Kitchens | 4 |
Exterior
| Exterior | Stucco (Plaster) |
|---|
Listing Details
| Office | CENTURY 21 B.J. ROTH REALTY LTD. |
|---|