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120 Centre Street Essex, Ontario

PROPERTY INFO

Brand new centrally located 6 plex in the beautiful Town of Essex within walking distance to all town amenities. One of the most energy efficient properties being offered for sale in Essex County with ICF from ground to roof and cold climate heat pumps which offer low and ONLY utility cost (hydro) to any future Tenants (no gas bills). Establish your own Rents and Tenants (expected rental income of $2500 per unit plus heat/hydro). Every unit offers identical 2 bedroom layout with open concept kitchen, living room and eating area, four piece bathroom and own laundry/utility rooms. Operating at 6.5-7% cap rate (Income and Expense estimates are projections). Front parking for up to 8 cars.

PROPERTY SPECS

Price $2,295,000
City Essex, Ontario
Address 120 CENTRE Street
Listing ID 24003324
Construction Stucco
Roof Asphalt Shingle
Flooring Ceramic or Porcelain, Hardwood or Engineered Hrwd, Laminate
Land Size 80 FT X 127.20 FT
Type Multi-Family
Status For Sale
Zoning R1-1

EXTENDED FEATURES

Subtype 5 - 8 Unit Inclusions ALL APPLIANCES INCLUDED IN ALL UNITS Ownership Freehold Building Amenities Energy Efficient, Laundry Facility, Storage Appliances Dishwasher, Refrigerator, Stove, Washer/Dryer Stack Up Foundation Other, See Remarks Heating / Cooling Central Air Conditioning, Heat Pump Heating Fuel Electric Hot Water Tank Electric Utility Water Municipal Water Sewer Sanitary Date Listed Feb 26, 2024 Days on Market 61 Parking Paved

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