LOADING

182 12th Street Hanover, Ontario N4N 1T8

8 Bedroom 6 Bathroom 2358
None

$1,200,000

Excellent rate of return. This legal 6-plex is in great shape. 2 units have recently been remodeled and another 2 are currently under renovation. The steel roof was done in 2018. There are 4 - 1 bedroom apartments & 2 - 2 bedroom apartments. Fire inspection done in 2020, large onsite parking lot. All tenants pay for own hydro. 4 tenants pay for own heat. Once the two units that are under renovation are completed this property will net over $66,000 a year. For a cap rate of over 5.5%. Call for full details. (id:45396)

Property Details

MLS® Number 40090977
Property Type Multi-family
Amenities Near By Shopping
Features Crushed Stone Driveway, Country Residential, Laundry- Coin Operated

Building

Bathroom Total 6
Bedrooms Total 8
Basement Development Finished
Basement Type Full (finished)
Cooling Type None
Exterior Finish Brick
Fire Protection None
Foundation Type Stone
Stories Total 3
Size Interior 2358
Utility Water Municipal Water

Land

Acreage No
Land Amenities Shopping
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 77 Ft
Size Total Text Under 1/2 Acre
Zoning Description R5

https://www.realtor.ca/real-estate/23022835/182-12th-street-hanover