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Goderich,ON N7A 2G5
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Goderich (Town)
MLS Listing ID X12496154
Style 2-Storey
Bedrooms 10
Annual Tax Amount $6,588
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Investor Alert: Welcome to Your Next Investment Opportunity. This well-maintained legal 5 Plex located just off the square in Goderich includes: 1-4 bedroom, 2-2 bedroom, and 2- 1 bedroom units. All units are spacious and include fridge, stove, and some also offer washer/dryer hookups. There's also a coin-operated washer and dryer on site. All units are separately metered, keeping the operating costs low. Units are heated by way of electric baseboard and natural gas furnace; each unit has its own hot water tank. An additional 3 units could be added with the upper 4-bedroom split into 2 units, and 2 more 1 bedrooms could be added to the unfinished lower level, increasing the cashflow on this property. The building currently has one tenant plus the owner occupying space, allowing the new owner to choose their tenants at market rents. Additional space includes a large garage for storage, extra rooms in the lower level for potential rentable storage space or a maintenance person's work area. The property is surrounded by mature trees, and the asphalt parking lot has plenty of room for parking, along with entrances off two streets. When fully occupied at market rent, this investment offers a cap rate of over 6%. Seller would work with Buyer to fill the units before closing. Don't miss the chance to own an investor's Gem in today's multi residential real estate market.
Location
Province ON
County Huron
Community Goderich (Town)
Area Huron
Rooms
Family Room Yes
Kitchen 5
Interior
Cooling Central Air,Window Unit(s)
Fireplaces Type Natural Gas
Exterior
Exterior Feature Awnings,Lighting
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle,Membrane,Tar and Gravel
Building
Building Age 100+
Foundation Block,Stone