Great income producing property with more income potential and recent significant upgrades. Since 2020, the brickwork has been extensively repointed and the roof has been replaced as well as a new larger parking lot, new C02 and smoke alarms, fire extinguishers, and deadbolts and passage sets on entry doors. Unit #4 has been renovated and the other three units are clean and in good shape. Water heaters and furnace are owned; there is no rental equipment. In addition the unused garage unit has a few potential income-producing possibilities with 423 sq ft of interior space with new concrete floor and pine walls as well as electrical
outlets and lights already installed. The four units are rented and even without the potential garage unit or adding laundry in the basement, the building already sustains an impressive capitalization rate of 4.77 at the asking price. This property should go quickly. Be sure to book your appointment to see it soon.
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Location & Schools
- MLSAreaMajor: Dover
- MLSAreaMinor: Paincourt
- CountyOrParish: Chatham-Kent
- CrossStreet: Creek Line
- Directions: Winter Line Road to Pain Court to property at intersection of Creek Line. Large gravel parking lot behind building with driveway off Winter Line Road.
- Zoning: Multi Residential
- ParcelNumber: 007840152
- AboveGradeFinishedArea: 2194
- BelowGradeFinishedArea: 80
- StoriesTotal: 2
- ConstructionMaterials: Brick, Stone
- DirectionFaces: South
- AcresRange: < 0.5
- ListOfficeName: Keller Williams Home Group Realty
24124 Winter Line Road Paincourt ON N0P 1Z0. MLS 40338957. This Multi-4 Unit style property is located in Dover is currently Residential Income. This property is listed at $ 595,000.00. It has 5 beds bedrooms, 4 baths bathrooms. The property was built in 1910 year.
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