613.296.0473

350 ST PHILLIPE STREET
Alfred, Ontario K0B1A0

$479,000

ID# 1417952

None Forced air

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:25961)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of POWER MARKETING REAL ESTATE INC.

Listed on: October 24, 2024

On market: 30 days

Year Built	1940
Cooling Type	None
Flooring Type	Wall-to-wall carpet, Mixed Flooring
Heating Type	Forced air
Heating Fuel	Natural gas
Stories Total	2

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350 ST PHILLIPE STREET Alfred, Ontario K0B1A0

None Forced air

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