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99 West River Street Paris, Ontario N3L 2V4

8 Bedroom 4 Bathroom 3600
None Forced Air

$799,900

This 4 plex has a 3 bedroom apartment and a one bedroom apartment on each side. (1800 sq ft each side). The Owners unit will be vacated on the sale. The rest of the tenants are to be assumed. The market rent for the owners 3 bedroom unit is about $1800 plus gas and hydro. The one bedroom 101B rent is $623 plus gas and hydro. 99A 3 bedroom rent is $862.50 plus gas and hydro. 99B one bedroom rent is $592.50 plus gas and hydro. The tenant rents are low compared to market rents. Gross rents $3878/month. ($46536/year). Owner pays water approx $2300 and insurance $1680. Net income $41756. 5.8% cap rate. THE OWNERS UNIT IS EASY TO SHOW ON SHORT NOTICE. UNIT 101A. Due to the virus the other tenants units will shown after an accepted offer (with buyer's conditions). There are pictures of all the units. (id:40058)

Property Details

MLS® Number 40125104
Property Type Multi-family
Equipment Type Water Heater
Rental Equipment Type Water Heater

Building

Bathroom Total 4
Bedrooms Total 8
Basement Development Unfinished
Basement Type Partial (unfinished)
Constructed Date 1903
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 3600
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 120 Ft
Size Frontage 105 Ft
Size Irregular 0.3
Size Total 0.3 Ac|under 1/2 Acre
Size Total Text 0.3 Ac|under 1/2 Acre
Zoning Description Rc

https://www.realtor.ca/real-estate/23436618/99-west-river-street-paris

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