| Message Number | 433440 | ||||||||
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| status | Active | ||||||||
| Subject Line | Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000, (8% cap rate). | ||||||||
| Business area |
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| Have/Want | Have | ||||||||
| Business category | Business Opportunities | ||||||||
| Date of Listing | April 17 2025 | ||||||||
| Location | 350 St Phillipe Street | ||||||||
| Price | $449,000.00 | ||||||||
| Comments | Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000, (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now! | ||||||||
| Internet Links | |||||||||
| Name | Hamid Riahi | ||||||||
| View my Other Listings, Haves and Wants: | CLICK HERE! | ||||||||
| Title | Broker | ||||||||
| Company Name | POWER MARKETING REAL ESTATE, Brokerage | ||||||||
| Address Line One | 791 Montreal RD. | ||||||||
| City | Ottawa | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | K1K 0S9 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (613)860-7355 | ||||||||
| Cell Number | (613) 252-4797 | ||||||||
| FAX Number | (613) 745-7976 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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