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PROPERTIES

229 Elgin ST

LISTING ID: 1345184

Arnprior| $639,900

Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom units, each with its own hydro meter. This property has been well-maintained and brought up to date over the years. Everything is tenanted, all units are turn key. The Building is well appointed on a 71’ X 101’ Lot with 10 designated parking spots. Recent upgrades include Roof, Basement Spray Foam, Furnace and Fire Sprinkler System. Ideal property for a value-add investor as this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at a 6% cap rate.

GALLERY

PROPERTY DETAILS

Neighbourhood:

Arnprior

Price:

$639,900

Style:

5 Units

Year Built:

N/A

Bedrooms:

Taxes:

$3891 | 2023

Lot Size:

70'  X  101'

Bathrooms:

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