$1,100,000
583-585 Mill ST Saugeen Shores, ON N0H 2C4
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$1,100,000
Est. payment /mo
8 BD
6 BA
New
583-585 Mill ST Saugeen Shores, ON N0H 2C4
UPDATED:
11/08/2024 03:09 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X10402754
Style 2-Storey
Bedrooms 8
Annual Tax Amount $3,921
Tax Year 2023
Property Description
You will receive approximately $9600 gross income every month from the day you close on this fully rented 6 plex. This property has been rebuilt to an open concept loft design with white quartz countertops, stainless appliances and gas fireplaces to attract and keep good paying tenants. It sits in a convenient, quiet area. Walk tree lined streets or stroll the downtown shopping and restaurants. The grassed private yard itself is inviting with picnic table and big trees. This property will appeal to value investors, cash flow positive investors, new investors or an investor that wants to live in one of the apartments free and still enjoy $80,000 a year income. Gross Income fully rented is $116,000. Net income is approximately $96,000 based on the approximate expenses of $20,000 for taxes, utilities and insurance.
Location
Province ON
County Bruce
Area Saugeen Shores
Rooms
Family Room Yes
Basement Partial Basement
Kitchen 6
Interior
Interior Features None
Cooling Other
Fireplaces Type Natural Gas
Fireplace Yes
Heat Source Gas
Exterior
Exterior Feature Landscaped, Porch, Recreational Area, Year Round Living
Garage Private
Garage Spaces 6.0
Pool None
Waterfront No
Waterfront Description None
Roof Type Shingles,Metal
Topography Flat
Parking Type None
Total Parking Spaces 6
Building
Foundation Concrete, Other
Listed by RE/MAX ADVANTAGE REALTY LTD.
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