20 Main Street West, Elizabethtown-Kitley | Image 1

20 Main Street West

Elizabethtown-Kitley, 811 - Elizabethtown Kitley (Old Kitley) Twp

  • Commercial

$950,000
For Sale

Added 2 days ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: Multiplex

  • Age: No Data

  • Taxes: 1890

  • MLS®#: X11899765

  • Days on Site: 2 Days

  • Added: Dec 20, 2024 (2 days ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: EXP REALTY

Exceptional Fourplex Investment Opportunity with a Strong 7% Cap Rate at Entry!Located just outside of Brockville, this recently renovated 4-unit property presents an excellent investment opportunity. Two units are currently leased at market rent, while the other two are vacant and ready for immediate leasing. The unit mix includes two spacious three-bedroom units and two large two-bedroom units, split between upper and lower levels.Each unit has been thoughtfully renovated, featuring new flooring, modern kitchens, updated bathrooms, and fresh touch-ups throughout. Significant capital improvements have been made, including brand-new windows, upgraded baseboard electric heating systems, and new siding being installed on the rear of the building this spring. Additionally, two decks and fire escapes have been replaced, and the property boasts a durable 10-year-old metal roof.With an estimated 6-7% cash-on-cash return in the first year, this property offers a fantastic opportunity for both owner-operators looking to reduce living costs and investors seeking a turnkey rental operation. Dont miss out on this prime investment opportunity!

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Elizabethtown-Kitley

  • Community: 811 - Elizabethtown Kitley (Old Kitley) Twp

  • Availability Date: TBD

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Heat Type: Baseboard

  • Freestanding: Y

  • Water Supply: Well

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2024

  • Taxes: $1,890

  • Taxes Type: Annual

Land

  • Cross Street: Main St W / Pearl St

  • Municipality District: Elizabethtown-Kitley

  • Parcel Number: 441530186

  • Sewer: San+Storm Avail

  • Zoning: Multiplex

Commercial Specific

  • Total Area: 3000

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Map of 20 Main Street West, Elizabethtown-Kitley
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