Real Estate for Sale: Ontario, Canada, 4PLEX in Sarnia - Sutton Street

Asking Price: $185,000
Location: Sutton Street
City: Sarnia
State/Province: Ontario
Country: Canada
Type: Rental

I have a small building with 4 x 2 bedroom units. Solid little building.

Current rents are
4 x 2 Bedroom Units $525, $550, $595, market is 600 - 610 so there is room to increase all rents. Unit two is recently vacant.

Coin op laundry in basement for extra income! Included.

Good cash flow property. My mortage on the property carries at 715./month. Taxes 2000/yr Apprx
Gas 2500/yr. Hydro 1000/yr
tenants pay their own hydro.

715 x 12: $8580 INCOME: Unit one; 525 x 12= 6300
gas: $2500 Unit three 550 x 12= 6600
hydro $1000 Unit four 595 x 12= 7140
taxes $2000 ------
_____________ $20,040
Expenses fill Unit two 595 x 12 = 7140
$14080 -------
$27,180.00


Manage this property yourself for excellent cashflow. OR Use a lcoal property management company (approx Mng/main 10%)

Call for more details
705-241-9072