48-52 NEWGATE Street , Goderich

12 Bed / 9 Bath / $2,050,000 / MLS® Listing #:40164111

$9225/mo*

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Well maintained, clean, up to date, turnkey operation available now !! Always rented investment property with tremendous positive cash flow located in the downtown core of Goderich, on the shores of Lake Huron, one of Canada's prettiest towns. Two separate buildings being a four plex and a five plex on one title producing a very reliable revenue stream from this 9 unit investment property featuring 4 two bedroom units, 4 one bedroom units, 1 commercial/retail/office unit and includes bonus revenue from an annual solar power generation contract. Excellent bottom line net income of approximately $80,000 per year after expenses currently resulting in a 3.9% Cap Rate with great upside potential. These sought after attractive renovated units are in a very vibrant convenient location close to all amenities and within a 15 minute walk to the main beach. Do not delay, inquire about this fantastic opportunity today !! (id:10452)

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Property Details

Property Type Multi-family
Square Feet 6628.0000
Maintenance N/A
Days On Our Website 63
Basement Partially finished - Full (Partially finished)
Kitchens
Lot Dimensions 0.276 ac|under 1/2 acre
Pool N/A
Area Goderich
Air Conditioning N/A
Heating - Baseboard heaters, Hot water radiator heat
Exterior Brick, Stone, Vinyl siding
Parking Spaces 11
Sewers Municipal sewage system
Water Municipal water

Listing Office: PEAK REALTY LTD.



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