12369 COUNTY ROAD 16, Severn
$1,275,000
For sale: Multiplex
- Property type
- Investment
- Bedrooms / bathrooms
- 10 bathrooms
- MLS®
- MLS® S12604756
- Neighbourhood
- Rural Severn
Multi-residential investment opportunity. This asset is currently producing a net income of $68,980.49 (8 units). If the property were fully leased, the potential NOI is over $100,000. The Landlord pays for all utilities; separate hydro meters are available that have never been hooked up. The property contains 3 septic beds and 1 drilled well. The building is being sold in an as-is where-is capacity. There is outstanding capital required; Seller estimates $70,000. The 2026 expenses are currently estimated.
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