12369 County Road 16 N/A, Severn, ON L0L 2C0 (F.R Nelson Road)

Price : $1,275,000.00 , MLS®# : S12604756

Description

Multi-residential investment opportunity. This asset is currently producing a net income of $68,980.49 (8 units). If the property were fully leased, the potential NOI is over $100,000. The Landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; Seller estimates $70,000. The 2026 expenses are currently estimated.

Location Description

F.R Nelson Road

Property Details
  • Community: Rural Severn
  • Property Type: Tenant/Commercial
  • Bath: 10
  • Garages: Outside/Surface
  • Annual Property Taxes : $ 6626
Building Features
  • Parking Type : Outside/Surface
Building Features
  • Heating : Baseboard
  • Sewer : Septic ,
Land (Lot Features)
  • Frontage: 297.81 sq.ft
  • Land Depth: 0sq.ft

Listing Contracted With: SUTTON GROUP INCENTIVE REALTY INC.