-350 ST PHILLIPE St (174 to St Phillipe Street)

Price : $449,000.00 , Status : Sale , MLS®# : X12014357

Description

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!

Highlights

Property Details
  • Community: 609 - Alfred
  • City: Alfred and Plantagenet
  • Property Type: Commercial
  • Style: Commercial/Retail()
  • Bath:
  • Garages: None ( Space)
Features
  • Heating: Gas Forced Air Closd ,