350 ST PHILLIPE St, Alfred & Plantagenet

350 ST PHILLIPE St, 609 - Alfred, Alfred & Plantagenet K0B1A0

Fourplex Property

87.00 x 63.00

Finished, Full Basement
Brick, Other Exterior

Flooring: Cushion, Investors Take Note! Great 4Plex Commercial Residential Mixed Use Building In Alfred With Net Income Of Approx $38,000, (8% Cap Rate). All 4 Units Are Currently Rented. Main Floor Has A Com. Unit Rented To A Pizzeria At $1,715 Before Hst + Hydro, Natural Gas And Propane For Restaurant (Base Rent Increase $80 On January First). Main Floor Also Futures A 2Bedr. Apart. ($945 Plus Heat And Hydro) And 1 Bachelor Unit ($478 Hydro Included). The 2Nd Level Has 1 Large 2 Bedroom Unit (Rented $815+ Heat & Hydro) And A Large Unfinished Space That Could Possibly Be Added To The Pizzeria Or For Other Uses (Buyer To Verify With Local Authorities For Requirements). 5 Hydro Meters And 3 Gas Meters On Site. Seller Pays Hydro For Bachelor Only. All Other Tenants Pay Their Own Heat And Hydro. Property Needs Some Tlc. Call Now!, Flooring: Carpet W/W & Mixed, Flooring: Mixed

Pcl 64 Sec M1; Lt 64 Pl M1; Alfred/Plantagenet