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$499,900
Est. payment /mo
7 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500 - 3000
Subdivision Oil Springs
MLS® Listing ID X13814654
Bedrooms 7
Property Description
Excellent investment opportunity at 4615 Oil Springs Line in the historic community of Oil Springs. This fully rented fourplex offers immediate income and four self-contained residential units, with the added confidence of appropriate zoning, completed permits, and full compliance.The current unit mix includes Unit A - 3 bedrooms at $1,725/month; Unit B - 1 bedroom at $1,195/month; Unit C - 2 bedrooms at $1,390/month; and Unit D - 2 bedrooms at $1,390/month, for a total current gross rental income of $5,700 per month or $68,400 annually.The building is separately metered, with each tenant responsible for their own gas and hydro, which helps keep ownership expenses straightforward. The owner currently pays only for water, insurance, grass cutting and snow removal.Located approximately 15 minutes from Petrolia, 30 minutes from Sarnia, and one hour from London, this property offers investors the opportunity to acquire an established, fully occupied multi-residential property with income in place from day one. Whether you're expanding an existing portfolio or entering the multi-unit market, 4615 Oil Springs Line is a turnkey investment worth considering. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling None
Exterior
Parking Features Yes
Fence Partially fenced
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage Yes
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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Listed by ROYAL LEPAGE TRILAND REALTY
Nearby Locations
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