Turn-key investment property! Excellently maintained, purpose built, legal 8 unit apartment building. Located in northern Orillia in a quiet, well established neighborhood close to all amenities. Built in 2016 this 8-plex has 7, 2 bedroom units and 1, 1 bedroom units. Strong rents which are mostly close to market value this property is approximately a 5.31% return on cash investment. Very little maintenance required, generally fairly hands off property. Units have been well kept and maintained since construction with miscellaneous updates to the building since it was constructed. 8 parking spots and 1 handicapped parking spot. Do not go direct or bother tenants. Financials available upon inquiry. Buyer or their agent to verify that financials provided are true and accurate. (id:48303)
MLS® Number | S12323957 |
Property Type | Multi-family |
Community Name | Orillia |
ParkingSpaceTotal | 9 |
BathroomTotal | 8 |
BedroomsAboveGround | 15 |
BedroomsTotal | 15 |
Appliances | Water Heater, Stove, Washer, Refrigerator |
CoolingType | Central Air Conditioning |
ExteriorFinish | Brick Veneer |
FoundationType | Concrete |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
StoriesTotal | 3 |
SizeInterior | 3500 - 5000 Sqft |
Type | Other |
UtilityWater | Municipal Water |
No Garage |
Acreage | No |
Sewer | Sanitary Sewer |
SizeDepth | 94 Ft ,3 In |
SizeFrontage | 110 Ft |
SizeIrregular | 110 X 94.3 Ft |
SizeTotalText | 110 X 94.3 Ft|under 1/2 Acre |
ZoningDescription | R5i(h1) |
Cable | Installed |
Electricity | Installed |
Sewer | Installed |
https://www.realtor.ca/real-estate/28689257/82-fittons-road-e-orillia-orillia
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