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  • 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn) : MLS®# 40609857

    12369 County Road 16 SE57 - Coldwater Coldwater L0L 2C0
    Main Photo: 12369 County Road 16 in Coldwater: SE57 - Coldwater Multi-6-9 Unit for sale (Severn)  : MLS®# 40609857
    $1,750,000
    Residential Income
    Status:
    Active
    MLS® Num:
    40609857
    Bedrooms:
    8
    Bathrooms:
    8
    Floor Area:
    6,556 sq. ft.
    Multi Residential investment opportunity with 10 unit 2-storey apartment (8 are registered with the municipality), producing a net income of $73,785.94 (8 units). All units are one bedroom and all current rents are inclusive of utilities, but future possibility to reduce expenses and increase NOI as separate hydro meters have been installed, but not yet connected. Property contains 3 septic beds and 1 drilled well. Building being sold "as is where is" with no seller representations and warranties. Seller estimated approximately $70,000 in additional capital investment for final occupancy and completion. Good potential for increased cap rate, NOI and returns for a handy person willing to take on the project. More details
    Listed by Sutton Group Incentive Realty Inc. Brokerage
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Data was last updated January 23, 2025 at 11:50 AM (UTC)