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508 HUGHES ST - Very few like it in Southwestern Ont. A charming older building housing 4 good size residential units. Nice sized, well looked after property in a mature well kept part of town. Parking for at least 5 cars. A definite money maker for a very low investment. Currently all rented with a total revenue of $20,160 and expenses of $5591.00 gives you a cap rate in excess of 11.20%. In good condition with some recent improvements, there is potential for further upgrades and increased rents!

Property Details

  • ID: 591979
  • Status: Active
  • New Construction: No
  • Estimated Annual Taxes: $1,616
  • Style: Fourplex
  • Storeys: 2
  • Lot Area: 8,867.76 Square Feet
  • Subdivision: Chatham Twsp
  • Year Built: 100
  • Parking Type Description: Open 6 cars
  • Lot Size: 67.18 X 132

Features

Basement Yes
Building Exterior Aluminum, Vinyl
Cooling No
Dining Room Present No
Family Room Present No
Features Sep Entrance, Sep Hydro Meters
Flooring Concrete &Brdlm, Laminate
Foundation Block
Heating Indivually Htd
Other Age - 100, Num Rental - 4, One Bed Units - 2, Property Zone - Rl3, Tax Year - 2016, Two Bed Units - 2
Pool No
Prop Offered Building & Land
Property Usage Residential Only
Rental Yes
Roof Asphalt Shingle
Side Of Road North
Tenant Pays Elec, Heat
Water Municipal
Listed By PC275 REALTY INC.