182 12th Street Hanover, Ontario N4N 1T8
$1,200,000
Rare Opportunity to pick most of your own tenants. This well kept legal 6 plex in Hanover, Ontario offers 4 - 1 bedroom apartments & 2 - 2 bedroom apartments. Currently there are 2 units vacant & 2 more to be vacant by the end of April. Fill the vacant units yourself or the current seller can fill them for you. With the new anticipated rents, this place should net approximately $62,641 a year for a cap rate of 5.22%. One apartment is currently being renovated with updates that include new flooring, bath & kitchen. There are 5 hydro panels & a gas manifold that will accommodate up to 5 gas meters. The building passed fire code in 2020. The metal roof was done in 2018 and there is a large onsite parking lot. Right now there is a huge demand in the area for rental units and not to many rental buildings in the area in this condition that offer a cap rate of over 5%. Dont miss out on this opportunity. (id:38443)
Property Details
| MLS® Number | 40090977 |
| Property Type | Multi-family |
| Amenities Near By | Shopping |
| Features | Crushed Stone Driveway, Country Residential, Laundry- Coin Operated |
Building
| Bathroom Total | 6 |
| Bedrooms Total | 8 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | None |
| Fireplace Present | No |
| Foundation Type | Stone |
| Stories Total | 3 |
| Size Interior | 2358 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 132 Ft |
| Size Frontage | 77 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R5 |
https://www.realtor.ca/real-estate/23022835/182-12th-street-hanover
Interested?
Contact us for more information
Ambrose Garvey
Broker of Record
(519) 506-6700
www.facebook.com/Ambrose-Garvey-Peak-Edge-Realty-Ltd-Brokerage-310545859144431/
425 7th Avenue
Hanover, Ontario N4N 2J3
(519) 506-7700
(519) 506-6700
www.peakedge.ca
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
REALTORS® Association of Grey Bruce Owen Sound
Peak Edge Realty Ltd., Brokerage
April 16 2021 09:13:54
