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36 Chambers Street Smiths Falls, Ontario K7A 2Y4

$995,000

10% CAP RATE!!! Fantastic investment opportunity in Smiths Falls. Centrally located FULLY RENTED 12 unit, 3 storey brick apartment building. Units are comprised of 10-bachelors and 2-one bed units. Close to all downtown amenities and shopping. Hydro separated! GROSS INCOME $118,200. Total expenses $21,690. (Hydro $700 Gas $4700 Water $2800 Taxes $9700 Insurance $3790) NET INCOME $96,510. 10 of the 12 units renovated in 2019. Great opportunity for MEGA CASH FLOW. (id:36203)

Property Details

MLS® Number 1214076
Property Type Multi-family
Neigbourhood SMITH FALLS

Building

Constructed Date 1898
Exterior Finish Brick
Fireplace Present No
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Stories Total 3
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 120 Ft
Size Frontage 41 Ft
Size Irregular 41 Ft X 120 Ft
Size Total Text 41 Ft X 120 Ft
Zoning Description Commercial

https://www.realtor.ca/real-estate/22462992/36-chambers-street-smiths-falls-smith-falls