2047 Main ST S new Save Request In-Person Tour Request Virtual Tour
Haldimand,ON N0A 1J0
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Haldimand
MLS Listing ID X11959149
Style 2-Storey
Bedrooms 10
Annual Tax Amount $5,220
Tax Year 2024
Property Description
**Prime Investment Opportunity 6-Unit Apartment Building in Jarvis!** An outstanding multiplex investment offering stable rental income, with all units currently occupied. This well-maintained property features four spacious two-bedroom units and two one-bedroom units, each separately metered. Recent upgrades enhance long-term value, including a newer pump (2024), windows (2023-2024), boiler & furnace (2018), resurfaced roof (2017), and updated siding (2019). This income-generating property produces a gross total income of $115,360 per year, including rental revenue and coin laundry income ($1,984), with total expenses of $17,820, resulting in a NOI of $97,540 and a strong 5.50% CAP rate. Tenant storage lockers and ample parking add further value. Situated in a growing community, just 35 minutes from HWY 403/Hamilton, this property offers long-term appreciation and the ability to increase rents to market value over time. Don't miss this incredible investment opportunity!
Location
Province ON
County Haldimand
Community Haldimand
Area Haldimand
Rooms
Basement Finished
Kitchen 6
Interior
Interior Features Separate Hydro Meter
Cooling None
Inclusions Six Fridges, Six Stoves, All Electric Light Fixtures. Industrial Coin Operated Washer and Dryer. Exclude Any Tenants Property.
Exterior
Parking Features None
Garage Spaces 10.0
Pool None
Roof Type Other
Building
Foundation Concrete