184 St. George Street Mitchell, Ontario N0K 1N0
$899,000
Discover your next golden opportunity with this well-maintained 4-plex in the thriving town of Mitchell, Ontario. Boasting a strong rental income and numerous recent upgrades, this property is an investor's dream. All units have been updated and feature in-suite laundry, fridge, stove, and dishwasher, adding to their tenant appeal. There is separate gas and hydro meters ensure efficiency, with the landlord only responsible for water and common area hydro. The property includes 4 owned hot water tanks and ample parking space for residents. Many of the capital expenses have already been taken care of and include a new roof which was installed in 2019, ensuring long-term durability, the siding was updated in 2020, enhancing curb appeal. Most windows were replaced in 2021, reducing maintenance costs and increasing energy efficiency and eavestroughs were resealed in 2022, providing further protection against the elements. The current rents are as follows: Unit 1: $1,500 plus gas and hydro, Unit 2: $1,685 plus gas and hydro (will be vacant as of January 31, 2024 with opportunity to increase rent), Unit 3: $1,250 plus gas and hydro, Unit 4: $1,244.45 plus gas and hydro. Don't miss out on the chance to add this income-generating gem to your portfolio. With strong rental income and these recent improvements, this 4-plex is ready to provide a consistent and lucrative return on your investment. Some seller financing/VTB available. Act fast to secure your piece of the Mitchell real estate market! (id:51356)
Property Details
| MLS® Number | 40505362 |
| Property Type | Multi-family |
| Amenities Near By | Park, Schools, Shopping |
| Community Features | Community Centre |
| Parking Space Total | 6 |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 5 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1880 |
| Construction Material | Wood Frame |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Stone, Vinyl Siding, Wood |
| Foundation Type | Stone |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2766 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 78 Ft |
| Size Frontage | 107 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/26221689/184-st-george-street-mitchell
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November 21 2023 02:30:34
London and St. Thomas Association of REALTORS®
Blue Forest Realty Inc.
