243 Main Street E Palmerston, Ontario N0G 2P0

$1,750,000

Presenting 243 Main St. E. Palmerston. A multi-family six-plex full of opportunity and investment potential. With a rich history, the home and property were originally owned by the United Church and was later transformed into a purpose-built, rental building that has been meticulously maintained by the original owners who occupied one of the units in the building. Located just steps to Main St. shops, restaurants and Lion’s Community Park, the quintessential small-town feel is alive and well. This turnkey property is available immediately and has been a desired residence for tenants in the area, and has had a zero vacancy rate since being built in 1996. Current rents, are approximately $100,000/year with the potential to increase by $20,000-$30,000 as tenants turn over and new market rents are introduced. The building totals over 8,000 sq. ft. and each unit is a generous size. All six units are two bedroom, two bathroom, with spacious living, dining, kitchens, in-suite laundry, and lots of storage. There are four garages and three units have finished basements. All units are separately metered for hydro, each with its own parking and private balcony. Zoning is Commercial/Multi-Residential. Please look at the website for more photos, floor plans, information about each specific unit, and financial details. (id:40008)

Property Details

Building

Parking

Land

https://www.realtor.ca/real-estate/25461020/243-main-street-e-palmerston