Attention Investors! Welcome to 181 Elgin St. This affordable 6-plex is ideally located in the downtown core, close to numerous amenities and offering a solid investment opportunity. The building is in good operating condition and has seen many updates over the years. The property features 2 two bedroom units, 1 one-bedroom unit and 3 bachelor units, with separate electrical meters for each unit. The owner currently pays all utility expenses. The property also offers parking for approximately 8 vehicles. With an annual gross rental income of $65,769 and net income of approximately $44,000, this property is a great opportunity for investors looking to add a well-maintained multi-unit property to their portfolio. Make the call today and book your viewing! (id:13843)
| MLS # | SM262439 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1901 |
| Days On Site | 26 |
| Listing Provided By | Royal LePage® Northern Advantage | John Glavota |
| SQ Feet | 2,230 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Heating | Forced air |
|---|---|
| Fireplace Yes / No | No |
| Foundation Details | Stone |
|---|
| Parking Features | Gravel |
|---|
| Utilities | Natural Gas, Electricity, Cable, Telephone |
|---|---|
| Sewer | Municipal sewage system |
| Water Source | Municipal water |
| Tax Annual Amount | 5037.41 |
|---|
| Province | ON |
|---|---|
| City | Sault Ste. Marie |
| Postal Code | P6A2Y9 |
| Listing VS Median (in P6A2Y9) | |
Price: $449,900 low | high Med: $449,900 sqft: 2,230 low | high Med: 2,230 $ / sqft: $202 low | high Med: $202 On site: 26 low | high Med: 26 | |
| Province | ON |
|---|---|
| City | Sault Ste. Marie |
| Postal Code | P6A2Y9 |
| Listing VS Median (in P6A2Y9) | |
Price: $449,900 low | high Med: $449,900 sqft: 2,230 low | high Med: 2,230 $ / sqft: $202 low | high Med: $202 On site: 26 low | high Med: 26 | |