Matthew Tenk
Broker of Record
72 Kent Street Simcoe, Ontario N3Y 3S4
$875,000
Incredible Opportunity! This low maintenance, cash flowing, purpose- built fourplex in Simcoe is an amazing buy! Great addition to your investment portfolio with a 7.3 cap rate bringing in over $72,000 in rental income with low expenses. This building has an extensive list of recent updates: Eavestrough (2020), windows (2021), updated unit renovations with quality finishes (2020-2023), Ductless mini split heat pump/ACs (2019), Furnaces (2020). Fully rented to high-quality A+ tenants that pay their own utilities. Each unit has their own laundry, parking spot, separate entry, hydro and water meter. Located in the heart of Simcoe close to all amenities including the Norfolk Golf Club and Port Dover. Don't miss out on this great investment opportunity, act quick! Can be purchased together with 85 Kent. (id:39551)
Property Details
| MLS® Number | 40583901 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Schools |
| Parking Space Total | 8 |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 5 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1910 |
| Cooling Type | Ductless |
| Exterior Finish | Aluminum Siding |
| Fireplace Present | No |
| Foundation Type | Poured Concrete |
| Heating Type | Heat Pump |
| Stories Total | 2 |
| Size Interior | 2852 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 124 Ft |
| Size Frontage | 67 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rb |
https://www.realtor.ca/real-estate/26857301/72-kent-street-simcoe
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London and St. Thomas Association of REALTORS®
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May 07 2024 04:30:50
