$499,900
5 beds4 baths6 parking 3000-3500 ft²
ATTENTION INVESTORS! Here's your opportunity to own a versatile fourplex offering three residential apartments plus one established commercial unit in the heart of Alfred. The residential portion features two 2-bedroom apartments and one bachelor unit, providing a combination of existing rental income and immediate potential for increased revenue. One of the 2-bedroom apartments has been fully renovated and is currently vacant, offering the new owner the opportunity to establish a new rental rate, with an estimated potential of approximately $1,300/month plus heat and hydro. Adding further stability to the property is the commercial unit, currently occupied by the well-established Milano Pizza. Ideally located along Highway 17, the property offers excellent visibility and convenient access to local amenities, services, schools, restaurants and everyday necessities. Its location also provides easy access toward Ottawa and Montreal. With three residential units, a renovated vacant apartment, an established commercial tenant and a renewed four-year triple net lease, this mixed-use fourplex offers several income streams and excellent potential for an investor looking to expand their real estate portfolio.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.