992 3rd Ave E
Owen Sound, N4K2K9
For Sale
$1,949,000
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Apartment
CATEGORY5,060 Sq Ft
TOTAL AREAX8166076
MLSIDContact Us
Property Description
Super Investment Opportunity; 12 unit building middle of booming Owen Sound, 12 units All 1 Bedroom fully occupied and leased. Some units are renovated. Newer Windown through out. On Municipal water and sewer. No laundry facilities. Security Cameras. Not Water owned (electric). Newer laminate F1 thru-out. Rent below average Huge up side yearly Income 1,44,600 with Expenses 21,000 Tenants pays own hydro; net Income 123000 as per Seller providing 6.3% cap; Buyer to do his own due diligence. Rent can be further negotiated as and when units are coming due for renewal.
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Extras
12 fridges, 12 stoves, hot water tank, security cameras, simply being sold AS IS Buyer to do own due diligence.
Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
C1
Total Area
5,060 Sq Ft
Lot Size
105' x 49'
Taxes
$8,479 (2023)
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Listing contracted with Realcap Realty Inc.
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