12369 County Road 16, Severn | Image 1

12369 County Road 16

Severn, Rural Severn

  • Commercial

$2,040,000
For Sale

Added 3 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: RM2

  • Age: 31-50 years

  • Taxes: 6023.62

  • MLS®#: S8466538

  • Days on Site: 3 Days

  • Added: Jun 21, 2024 (3 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: SUTTON GROUP INCENTIVE REALTY INC.

Multi Residential investment opportunity with 10 unit 2 story apartment (8 are legalized), producing a net income of $73,785.94 (8 units). Landlord pays for all utilities, there are separate hydro meters available that have never been hooked up. Property contains 3 septic beds and 1 drilled well. Building being sold in an as is where is capacity. There are outstanding capital required, Seller estimates $70,000.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 31-50

  • Area: Severn

  • Community: Rural Severn

  • Availability Date: Flexible

  • Assessment Amount: $665,000

  • Assessment Year: 2023

Inside

  • Bathrooms: 10

  • Air Conditioning: Part

  • Washrooms: 10

Utilities

  • Utilities: Available

Building

  • Heat Type: Baseboard

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Well

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 1 CON 11 TAY PT 1 & 3, 51R23189; T/W & S/T RO1204931; SEVE

  • Taxes: $6,024

  • Expenses: Est

  • Management Expense: 2517

  • Insurance Fee: 8884

  • Hydro Expense: 18250

  • Heat Expenses: 5186

  • Other Expenses: 1863

  • Taxes Type: Annual

  • Taxes: 6024

Land

  • Cross Street: F.R Nelson Road

  • Municipality District: Severn

  • Parcel Number: 585940036

  • Sewer: Septic

  • Lot Frontage: 297.81 Feet

  • Zoning: RM2

Additional Media

  • Virtual Tour: https://buildout.com/website/12369CR16

Commercial Specific

  • Total Area: 1.35

  • Total Area Metric: Acres

  • Area Influence: Major Highway

  • Lot Code: Lot

  • Survey: N

  • Gross Income/Sales: 126640

Map of 12369 County Road 16, Severn
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