12369 COUNTY ROAD 16, Severn

$1,275,000

For sale: Multiplex

Property type: Multi-family
Bedrooms / bathrooms: 10 bathrooms
MLS number: MLS® S12604756
Neighbourhood: Rural Severn

Multiplex at 12369 COUNTY ROAD 16, 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.