Message Number427371
statusActive
Subject LineClinton, ON (1 HR from London) 12-Plex apartment building For Sale $1,450,000 Downtown close to amenities and schools.
Business area
Canada
Ontario
Northern Ontario
Location, CityClinton, ON
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingJuly 16 2024
Type DescriptionApt. Building
LocationClinton, ON
Price$1,450,000.00
Building area10500
ZoningC4-7
CommentsTwelve plex purpose built apartment building; built in 1987; new roof in 2008; approx 10,500 sq. ft. with 14 parking spaces; extensive up to date firecode work completed in 2005. Each unit is a 2 bedroom, 1 bath. Current cap rate shows about 7.5% at shown expenses and asking price. The property includes 12 fridges, 12 stoves, 3 electric hot water heaters owned. It is located on main Street, Clinton 1 1/2 blocks north of the main lights in the centre of that block more or less. And it is central to all town amenities. A 37 year old purpose built 12 plex with great income potential. Cost per unit is just under $121,000. 40593055
Internet Links

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Central Huron

Member Identifier101
ControlMLS
NameFred Lobb
TitleBroker / Owner
Company NameRoyal LePage Heartland Realty, Brokerage
Address Line One1 Albert St
CityClinton
State/ProvinceOntario
Zip/Postal CodeN0M 1L0
CountryCanada
Business Phone Number(519)482-3400
Cell Number519-955-0012 Cell
Home Number519-955-0012 Cell
FAX Number(519) 482-3477
Email AddressSend Email
Home PageHome Page

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