Description
AUCTION DATE - Monday, April 3, 2023 at 4 pm - LISTED PRICE IS AN OPENING BID ONLY AND IS NOT INDICATIVE OF THE FINAL SALE PRICE. REAL ESTATE: 2.5 Story brick/vinyl 4 unit apartment building w/approx. 3,500 sq. ft. finished area. Potential to build an additional 4 unit townhouse in rear of lot (special exception needed, subject to township approval). 1st floor commercial unit: Approx. 900 sq. ft. w/half bath. Currently rented to U.S. Post Office. Main floor apartment: Approx. 1,000 sq. ft. w/2 bedrooms, 1 bath, living room, kitchen w/range & refrigerator, laundry area w/washer & dryer. Rear entrance. Second floor apartments: Approx. 800 sq. ft. each unit, includes 1 bedroom, 1 bath, living room, kitchen, laundry area & rear entrance w/covered deck (only 1 2nd floor unit includes range, refrigerator, washer & dryer). Hardwood flooring throughout. Electric baseboard. Basement. Low maintenance exterior w/insulated windows, covered front porch & detached 1.5 story frame barn 27x21 w/lean to 27x10. Clean & well maintained w/good rental history & cash flow w/yearly gross income $39,276 w/net income $31,249. Note: Great opportunity to purchase clean, well maintained apartment building w/steady income! Modest rents. Potential of business/apartment mix. Ideal investment opportunity w/lots of potential. Terms 10% down, balance 60 days or before.
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Courtesy of: Kingsway Realty Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 21st March, 2023 4:49 PM (UTC)
