
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.
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PROPERTY DETAILS
Neighbourhood:
Arnprior
Price:
$639,900
Style:
5 Units
Year Built:
N/A
Bedrooms:
Taxes:
$3891 | 2023
Lot Size:
70' X 101'
Bathrooms: