187 MAIN Street S Mount Forest

187 MAIN Street S, Mount Forest

$1,998,000

15,000 Square Feet
This property offers an excellent rate of return for a sound, passive investment. This building contains 12 residential units and one commercial unit. All units have been completely updated and refurbished within the last year as have the electrical, plumbing and heating systems. The entire building has a new, monitored fire/smoke/security alarm system. The residential portion has a controlled entry system. Commercial unit pays all property operating expenses; heating, electricity, property & liability insurance, property taxes and yard/lot maintenance. Commercial tenant is on a 5 year lease with option to renew for 5 years. Gross and net incomes are $169,000 per year. There is ample opportunity for future expansion or an addition on this 1 acre lot. Property management contract may be assumed. Motivated Seller. (id:38738)
  • Listing ID: 40061258
  • Property Type: Multi-family
  • Year Built: 1900
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Details

  • Amenities Nearby: Hospital, Place of Worship, Playground, Schools, Shopping
  • Communication: High Speed Internet
  • Community Features: Community Centre
  • Equipment: None
  • Features: Paved driveway, Crushed stone driveway
  • Ownership: Freehold
  • Parking Spaces: 50
  • Rental Equipment: None
  • Transaction: For sale
  • Zoning Description: C1

Building

  • BasementType: Full (Unfinished)
  • Basement Development: Unfinished
  • Constructed Date: 1900
  • Construction Style Attachment: Detached
  • Cooling: Central air conditioning
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Fire Protection: Monitored Alarm, Smoke Detectors, Alarm system, Security system
  • Foundation: Stone
  • Heating: Forced air, Hot water radiator heat
  • Heating Fuel: Natural gas
  • Size Interior: 15000.0000
  • Stories Total: 2
  • Utility Water: Municipal water

Land

  • Access Type: Road access
  • Amenities: Hospital, Place of Worship, Playground, Schools, Shopping
  • Sewer: Municipal sewage system
  • Size Frontage: 139 ft
  • Size Irregular: 0.996
  • Size Total: 0.996 ac|1/2 - 1.99 acres

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    This property for sale located at 187 MAIN Street S in Mount Forest was last modified on September 9th 2021. Contact Christine Smith today and schedule a viewing or subscribe to other properties for sale in Mount Forest.

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