508 HUGHES ST, DRESDEN ONTARIO
Brokered by: PC275 REALTY INC.
508 HUGHES ST, DRESDENONTARIO CANADA | MLS# 591979
Type: 4-Plex Style: 4-Plex Age: 100 Lot Size: 67.18 X 132 Side of Road: North Water Front: Pool: No Handicap Acc: Tenant Pays: Elec,Heat Sewer: Sewer Rentals: Yes Water: Municipal Zoning: RL3 Rental Units: 4 Foundation: Block Heating: Indivually Htd Flooring: Concrete andBrdlm, Laminate Features: Sep Entrance, Sep Hydro Meters Roof: Asphalt Shingle Flooring: Concrete andBrdlm, Laminate
Description: Very few like it in Southwestern Ont. A charming older building housing 4 good size residential units. Nice sized, well looked after property in a mature well kept part of town. Parking for at least 5 cars. A definite money maker for a very low investment. Currently all rented with a total revenue of $20,160 and expenses of $5591.00 gives you a cap rate in excess of 11.20%. In good condition with some recent improvements, there is potential for further upgrades and increased rents!