ANNUAL INCOME OF $74,400 with an 9.4 cap rate! This turn-key, low maintenance, cash flowing Fourplex located in Simcoe is on a double lot with plenty of parking. A++ tenants with spacious units and each unit has it's own hydro meter. This building has an extensive list of new updates and renovations throughout the interior and exterior. Many upgrades including roof (2020), electrical (2019), plumbing (2017). Additional income with coin-op laundry. Located in the heart of Simcoe close to all amenities including the Norfolk Golf Club and Port Dover. Don't miss out on this great opportunity.
Address
85 Kent Street N
List Price
$689,000
MLS® Status
Price Change
Expiration Date
2025-09-10
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
For Sale
Area
Norfolk
Sub-Area
Simcoe
Bedrooms
6
Bedrooms (Total)
6
Rooms Above Grade
14
Bathrooms
4
Floor Area
3000 - 3500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
124.17
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
66.87
Parcel Number
502250041
Occupant Type
Tenant
Cross Street
YOUNG AND KENT STREET N
Approx. Age
100+ Years
MLS® Number
X12139457
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Basement Area
Partial Basement
Postal Code
N3Y 3S3
Posession Details
90 DAYS
Parking
Other
Parking Places (Total)
6
Parking Spaces
6
Tax Amount
$3,800.00
Tax Year
2024
Interior Features
Separate Hydro Meter
Property Features
Hospital, Library, Park, Place Of Worship, School
Cable
Yes
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Other
Heat Type
Heat Pump
Cooling Features
Other
Construction Materials
Concrete, Wood
Direction Faces
North
Fireplace
No
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 8-9 BLK 65 PL 182 AS IN NR563654; NORFOLK COUNTY
Waterfront
No
Sewer
Sewer