FABULOUS INVESTMENT IN GREAT LOCATION! OVER THE LAST YEAR ALL TENANTS HAVE BEEN REMOVED (EXCEPT ONE) SO EACH APARTMENT COULD BE RENOVATED. ALL RENOVATIONS ARE NOW COMPLETE AND THE BUYERS ARE FREE TO CHARGE ANY RENTS THEY FEEL IS FARE. UNIT #1 ALSO HAD ALL NEW KITCHEN CABINITS, COUNTER TOPS FLOORING, NEW BATHRM WITH SHOWER, NEW FIXTURES ALL PAINTED ETC. ETC. THE BUILDING IS SEPERATELY METERED SO THE TENANTS PAY THEIR OWN HYDRO. BRAND NEW FURNACE 2026, NEW STEEL ROOF 2019. THE BUILDING WAS UPDATED TO SATISFY FIRE INSPECTION TO CODE IN 2023. 4-2 BEDRM UNITS AND 2-1 BEDRM UNITS. NEW INCOME FOR 2026 WILL GROSS OVER $100,000 AND EXPENSES WERE ONLY $18,000 LAST YEAR INCLUDING ( PROPERTY TAXES $4189, INSURANCE $3154, HEAT AND WATER $10,682 ) VERY HIGH CAP RATE!!! EASY TO RENT, ACROSS FROM PARK, NEAR DOWNTOWN AND SHORT WALK TO ST. CLAIR RIVER. OWNER WILL KEEP BUILDING VACANT SO ITS EASIER TO SHOW. (id:4069)
Address
136 VICTORIA STREET
List Price
$789,900
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Sarnia
Lot Size
71X81 / 0 AC Sq. Ft.
MLS® Number
26010666
Listing Brokerage
RE/MAX Sarnia Realty Inc
Postal Code
N7T2T1
Zoning
GC2
Amenities
Shopping Area
