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229 Elgin St W, Arnprior 550 - Arnprior
Cashback ~$6,624
$649,900

229 Elgin St W, Arnprior 550 - Arnprior

Multiplex
Property type
8
Bedrooms
5
Bathrooms
550 - Arnprior
Community name

Property details

Status
Active
Building type
2-Storey
Roof
Asphalt Shingle,Flat
A/C
None
Heating
Forced Air
Foundation
Poured Concrete,Slab
Pool
None
Lot size
70.80 X 101.20
Construction
Brick
Parking spaces
8
Updated on
2025-02-01, 1:12 p.m.
MLS® number
X11950554

Description

Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom units, each with its own hydro meter. This property has been well-maintained and brought up to date over the years. Everything is tenanted, all units are turn key. The Building is well appointed on a 71' X 101' Lot with 10 designated parking spots. Recent upgrades include Roof, Fire Sprinkler System. Ideal property for a value-add investor as this building has many underperforming units, some are 50%below market value. Big opportunity to increase equity and cashflow, currently at an 7.5% cap rate.

$6,624 for this home
Justo provides you half of the agent’s commission on the sale.
Client Ambassador - Basma Ishaq

Here for your questions

Client Ambassador • Carolina Penuela
or call us at (315) 636-6522
Listed by: RIGHT AT HOME REALTY
Note: All the listing related information herein is deemed reliable but not guaranteed accurate by TRREB®, CREB® or MLS®. It is from sources deemed reliable, but should not be relied upon without independent verification.