350 St Phillipe Street Alfred And Plantagenet, Ontario K0B 1A0

$449,000

Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000, (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now! (id:49712)

Property Details

MLS® Number	X12014357
Property Type	Retail
Community Name	609 - Alfred
Parking Space Total	6

Building

Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Exterior	2100 Sqft
Size Interior	2,100 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	63 Ft
Size Frontage	87 Ft
Size Irregular	Bldg=87 X 63 Ft ; 0
Size Total Text	Bldg=87 X 63 Ft ; 0
Zoning Description	Commercial

https://www.realtor.ca/real-estate/28012588/350-st-phillipe-street-alfred-and-plantagenet-609-alfred