583-585 Mill Street Saugeen Shores, ON N0H 2C4
Description
40672965
$3,921(2023)
Multifamily
Bruce County
Listed By
ITSO
Last checked Dec 23 2024 at 5:10 AM EST
- Laundry: Shared
- Other
- Other
- Quiet Area
- Foundation: Other
- Foundation: Concrete Block
- Other
- Fireplace(s)
- Ductless
- Unfinished
- Partial
- Roof: Shingle
- Roof: Metal
- Sewer: Sewer (Municipal)
- Total: 8
- 2
- 4,055 sqft
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.