Behzad Rahdari, P. Eng.
Broker
Re/Max Hallmark Realty Ltd., Brokerage
Independently owned and operated.
9555 Yonge St , Richmond Hill, Ontario L4C 9M5
Cell: 416-301-7556Office: 905-883-4922
$1,295,000
Available - For Sale
Listing ID: S12604756
12369 County Road 16 N/A , Severn, L0L 2C0, Simcoe
| Multi-residential investment opportunity with 10-unit 2-story apartment (8 are legalized), 9 are leased. This asset is currently producing a net income of $68,980.49 (8 units). Including all 9 leased units, the net income increases to $84,580.49. If the property were fully leased, the potential NOI is over $100,000. The Landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; Seller estimates $70,000. The 2025 expenses are currently estimated. |
| Price | $1,295,000 |
| Taxes: | $6626.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 12369 County Road 16 N/A , Severn, L0L 2C0, Simcoe |
| Postal Code: | L0L 2C0 |
| Province/State: | Simcoe |
| Legal Description: | PT LT 1 CON 11 TAY PT 1 & 3, 51R23189; T |
| Directions/Cross Streets: | F.R Nelson Road |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 1.35 |
| Total Area Code: | Acres |
| Area Influences: | Major Highway |
| Approximatly Age: | 31-50 |
| Washrooms: | 10 |
| Outside Storage: | F |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Partial |
| Sewers: | Septic |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SUTTON GROUP INCENTIVE REALTY INC. |
|
|
Behzad Rahdari, P. Eng.
Broker
Dir:
416-301-7556
Bus:
905-883-4922
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Severn |
| Neighbourhood: | Rural Severn |
| Approximate Age: | 31-50 |
| Tax: | $6,626 |
| Baths: | 10 |
| Fireplace: | N |
Locatin Map:
Payment Calculator:
