350 ST PHILLIPE Street, Alfred and Plantagenet | Image 1

350 ST PHILLIPE Street

Alfred and Plantagenet, 609 - Alfred

  • Commercial

$479,000
For Sale

Added 1 month ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: Commercial

  • Age: No Data

  • Taxes: 3300

  • MLS®#: X9524145

  • Days on Site: 56 Days

  • Added: Oct 24, 2024 (1 month ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: POWER MARKETING REAL ESTATE INC.

Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000 (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now!

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Net Income: 37932

  • Area: Alfred and Plantagenet

  • Community: 609 - Alfred

  • Availability Date: TBA

Parking

  • Covered Parking Spaces: 6

Fees

  • Tax Year: 2023

  • Tax Legal Description: PCL 64 SEC M1; LT 64 PL M1; ALFRED/PLANTAGENET

  • Taxes: $3,300

Land

  • Cross Street: 174 to St Phillipe S

  • Municipality District: Alfred and Plantagenet

  • Parcel Number: 541320011

  • Lot Depth: 63 Feet

  • Lot Frontage: 87 Feet

  • Zoning: Commercial

Commercial Specific

  • Retail Area: 2100

  • Total Area: 2100

  • Gross Income/Sales: 47172

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Map of 350 ST PHILLIPE Street, Alfred and Plantagenet
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