385-397 Main Street Delhi, Ontario N4B 2M9
$1,599,900
On behalf of the owners, we are pleased to present an Incredible investment opportunity to acquire a very well maintained 9plex purpose built rental property. This property has had 100% occupancy since opening its doors. There is a rental supply shortage in Delhi. This site and the growing community of Delhi offers a reasonable walk score of 53. Priceless zoning, income producing and fully rented with quality tenants. A rare turn key opportunity. Priced at a reasonable cap rate of 6% with very little maintenance required. Great income Solid building which was recently built in 1988. Low maintenance, great tenants, plenty of parking, detached 2 car garage, 9 units. 6 units are 2 bedroom, 1 is a one bedroom, 2 are 1 bedroom plus a den. Tenants pay all utilities including water heater rental. 8 units are about 800sqft each and the ground level one bedroom unit is about 1200 sqft and has a full basement. On site coin operated laundry. Buildings like this are very very rare. (id:47723)
Property Details
| MLS® Number | 40307716 |
| Property Type | Multi-family |
| Equipment Type | Water Heater |
| Features | Crushed Stone Driveway, Laundry- Coin Operated |
| Parking Space Total | 12 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 9 |
| Bedrooms Total | 15 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Construction Style Attachment | Attached |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick, Metal, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 1 |
| Size Interior | 5000 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Frontage | 114 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R5 |
Utilities
| Cable | Available |
| Electricity | Available |
https://www.realtor.ca/real-estate/24768394/385-397-main-street-delhi
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
August 13 2022 12:42:47
Brantford Regional Real Estate Assn Inc
Sutton Team Realty Inc, Sutton Team Realty Inc.