ORILLIA MULTI-INCOME 4 PLEX PRICED REDUCED

$389,000.00 - 23 Grace Avenue, Orillia, L3V3K3
(APPRAISED @ $400,000)

Mike Preston

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MOST RECENTLY APPRAISED @ $400,000LARGE UNITS IN DESIRABLE North ward location/  two level four plex across from seniors complex. Excellant mix of apts. 3 bedroom , 2 two bedrooms and a one bedroom on large manicured lot with detached oversized double garage. Tenants can walk to grocery store, drug store , resturants etc.  Large units with separate power meters.  Easy to rent, coin laundry plenty of parking quiet neighborhood. Price to sell, owner moving out of Country. Room for rental increase-one bedroom is below market value,  one two bedroom is slightlhy below market value. three bedroom rents for 1100 plus heat & hyrdo , 1st two bedroom rents for 900 plus heat & hydro 2nd two bedroom rents for 890 all inclusive due to sharing washer dryer hydro & common area. one bedroom rents for 650.00 ( Should be at least 700.00) Laundry gross approx 600 per year.Total income 43,080.00  Total Expenses 13,051.30 Net 30,028.70

Legal Decription: LT 47 PL 1245 SOUTH ORILLIA; ORILLIA

Roll # 435204041224400