229 ELGIN St, Arnprior

229 ELGIN St, 550 - Arnprior, Arnprior K7S1P4

2-Storey, Multiplex Property
33 Rooms Total, 5 Kitchens
8 Parking Spaces

70.80 x 101.20

Half, Unfinished Basement
Brick, Vinyl Siding Exterior

Attention Investors! Legal 5 Plex In Arnprior With 5 Units Of Income. Incredible Location In Arnprior's Downtown, A Stone's Throw Away To Main St Shops And Restaurants, Beach/Park, Hospital, Schools, Landmarks. This Building Consists Of Three-2 Bedroom Units & Two 1-Bedroom Units, Each With Its Own Hydro Meter. This Property Has Been Well-Maintained And Brought Up To Date Over The Years. Everything Is Tenanted, All Units Are Turn Key. The Building Is Well Appointed On A 71' X 101' Lot With 10 Designated Parking Spots. Recent Upgrades Include Roof, Fire Sprinkler System. Ideal Property For A Value-Add Investor As This Building Has Many Underperforming Units, Some Are 50%Below Market Value. Big Opportunity To Increase Equity And Cashflow, Currently At An 7.5% Cap Rate.

Pt Lt 3, Blk E, Elgin St, Pl 49, Pt 1, 49R17481 Town Of Arnprior