2289 Loop Road, Highlands East | Image 1

2289 Loop Road

Highlands East

  • Commercial

$599,900
For Sale

Added 1 day ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: GC1 - General Co

  • Age: No Data

  • Taxes: 2470

  • MLS®#: X8280576

  • Added: Apr 29, 2024 (1 day ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: CENTURY 21 ALL SEASONS REALTY LIMITED

Welcome to your dream investment in Wilberforce! This fourplex is a turnkey opportunity that's been meticulously renovated, with the fourth unit receiving a complete makeover in the last six months. Let's talk about its cash flow potential: Three units are already leased long-term, providing a steady stream of income from day one. But here's where it gets exciting: Unit 4 is newly renovated and currently vacant, giving you the option to move in yourself or handpick the perfect tenant. Each unit has its own unique charm. Unit 1 on the main floor offers a cozy 1-bedroom, 1-bathroom layout, perfect for comfortable living. Unit 2 also on the main floor features an additional luxury - a huge walk-in closet, providing ample storage space. Upstairs, Unit 3 boasts a spacious 2-bedroom, 1-bathroom configuration, offering privacy and room to spread out. Unit 4, the crown jewel of the property, features a recently renovated 2-bedroom layout and a walkout onto a large upper floor deck facing the backyard. Imagine enjoying your morning coffee or hosting gatherings in this serene outdoor space! But that's not all - the property is serviced by a reliable sand point well and commercial septic system, ensuring hassle-free maintenance. And let's not forget about the expansive, fenced backyard, perfect for outdoor activities and relaxation. Completing this amazing investment is a fully unfinished basement, accessible from Unit 1, offering endless possibilities for customization or additional living space. Don't miss out on this incredible opportunity to own a cash flow positive property with endless potential for growth and appreciation. Invest in Wilberforce today and secure your financial future!

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Highlands East

  • Availability Date: flexible

Inside

  • Bathrooms: 4

  • Air Conditioning: N

  • Washrooms: 4

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Baseboard

  • Elevator: None

  • Water Supply Type: Dug Well

  • Freestanding: Y

  • Water Supply: Well

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 33-34 CON 16 MONMOUTH AS IN H272172 MUNICIPA

  • Taxes: $2,470

  • Taxes Type: Annual

Land

  • Cross Street: Loop Road / Holmes R

  • Municipality District: Highlands East

  • Parcel Number: 392760314

  • Sewer: Septic

  • Lot Depth: 203 Feet

  • Lot Frontage: 68.7 Feet

  • Zoning: GC1 - General Co

Commercial Specific

  • Rail: N

  • Total Area: 3259

  • Total Area Metric: Sq Ft

  • Area Influence: Major Highway

  • Lot Code: Lot

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