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385-397 MAIN Street in Delhi: Multi-family for sale : MLS®# 30687988

385-397 MAIN Street Delhi N4B2M9 :

Main Photo: 385-397 MAIN Street in Delhi: Multi-family for sale : MLS®# 30687988
$989,900
Prop. Type:
Multi-family
MLS® Num:
30687988
Status:
Active
On behalf of the owners, we are pleased to present an Incredible investment opportunity to acquire a very well maintained 9plex purpose built rental property. This property has had 100% occupancy since opening its doors. There is a rental supply shortage in Delhi. This site and the growing community of Delhi offers a reasonable walk score of 53. Priceless zoning, income producing and fully rented with quality tenants. A rare turn key opportunity. Priced at a reasonable cap rate of 6% with very little maintenance required. Great income Solid building which was recently built in 1988. Low maintenance, great tenants, plenty of parking, detached 2 car garage, 9 units. 6 units are 2 bedroom, 1 is a one bedroom, 2 are 1 bedroom plus a den. Tenants pay all utilities including water heater rental. 8 units are about 800sqft each and the ground level one bedroom unit is about 1200 sqft and has a full basement. On site coin operated laundry. Buildings like this are very very rare. (id:2493)
Property Type:
Multi-family
Size Interior:
Switch units of measure5,000 sq. ft.
Transaction Type:
For sale
Zoning:
R
Ownership Type:
Freehold
Features:
Paved driveway, Crushed stone driveway, Laundry- Coin operated
Rental Equipment:
Water Heater
Major Business Type:
Residential
Building Type:
Apartment
Utilities:
Water - Available
Home Style:
Multi-Unit
Cooling:
Window air conditioner
Equipment:
Water Heater
Exterior Finish:
Brick, Metal, Vinyl siding
Fireplace:
No
Fire Protection:
Fire alarm system, Smoke Detectors
Foundation:
Block
Heating:
Baseboard heaters
Heating Fuel:
Electric
# Storeys:
1.0
Water:
Municipal water
Sewer:
Sanitary sewer
Basement:
Partial (Unfinished)
Basement Development:
Unfinished
Lot Frontage:
Switch units of measure113'
Lot Size:
under 1/2 acre
Total Parking Spaces:
12
Parking Type:
Detached garage, Gravel
Listed by Martin Sarkissian and Laura Taksas of Sutton Team Realty Inc.
Listing information last updated on October 18, 2018 at 02:39 AM (UTC)
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.