583 585 Mill Street, Saugeen Shores
- Bedrooms: 8
- Bathrooms: 6
- Added: 21 days ago
- Updated: 13 days ago
- Last Checked: 17 hours ago
You will receive approximately $9600 gross income every month from the day you close on this fully rented 6 plex. This property has been rebuilt to an open concept loft design with white quartz countertops, stainless appliances and gas fireplaces to attract and keep good paying tenants. It sits in a convenient, quiet area. Walk tree lined streets or stroll the downtown shopping and restaurants. The grassed private yard itself is inviting with picnic table and big trees. This property will appeal to value investors, cash flow positive investors, new investors or an investor that wants to live in one of the apartments free and still enjoy $80,000 a year income. Gross Income fully rented is $116,000. Net income is approximately $96,000 based on the approximate expenses of $20,000 for taxes, utilities and insurance. (id:1945)
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Property DetailsKey information about 583 585 Mill Street
- Heating: Natural gas, Other
- Stories: 2
- Structure Type: Other
- Exterior Features: Brick, Vinyl siding
- Foundation Details: Concrete
- Gross Income: $9600 monthly
- Property Design: Open concept loft
- Target Investors: Value investors, Cash flow positive investors, New investors, Live-in investors
- Potential Income: $80,000 yearly
Interior FeaturesDiscover the interior design and amenities
- Basement: Partial
- Bedrooms Total: 8
- Countertops: White quartz
- Appliances: Stainless
- Fireplace: Gas fireplaces (in some units)
Exterior & Lot FeaturesLearn about the exterior and lot specifics of 583 585 Mill Street
- Lot Features: Flat site
- Water Source: Municipal water
- Parking Total: 6
- Building Features: Fireplace(s)
- Lot Size Dimensions: 66 x 132 FT
- Yard: Grassed private yard
- Amenities: Picnic table, Big trees
Location & CommunityUnderstand the neighborhood and community
- Directions: Port Elgin - Hwy 21, turn west on Mill St to Property
- Setting: Convenient, quiet area
- Surroundings: Tree lined streets, Downtown shopping, Restaurants
Utilities & SystemsReview utilities and system installations
- Sewer: Sanitary sewer
- Utilities: Sewer
Tax & Legal InformationGet tax and legal details applicable to 583 585 Mill Street
- Tax Annual Amount: 3921.04
- Zoning Description: C1
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