Property Address: 66 Albert St, Clinton, ON, N0M1L0
Average square foot calculated using Size range provided by listing agent.
Description
Twelve plex purpose built apartment building; built in 1987; new roof in 2008; approx 10, 500 sq. Ft. With 14 parking spaces; extensive up to date firecode work completed in 2005. Each unit is a 2 bedroom, 1 bath. Current cap rate shows about 7.5% at shown expenses and asking price. The property includes 12 fridges, 12 stoves, 3 electric hot water heaters owned. It is located on main Street, Clinton 1 1/2 blocks north of the main lights in the centre of that block more or less. And it is central to all town amenities. A 37 year old purpose built 12 plex with great income potential. Cost per unit is just under $121, 000.Show Description