Overview
- Updated On:
- June 17, 2025
- 6 Bedrooms
- 4 Bathrooms
- 3,269 ft2
Description
ANNUAL INCOME OF $74,400. This low maintenance, cash flowing Fourplex located in Simcoe has an impressive cap rate of 8.3%! Offering a 4 unit building situated on a double lot, the building features four spacious units, each with its own hydro meter and currently fully rented to high-quality A+ tenants. The property has undergone extensive renovations and updates, ensuring peace of mind for any investor. Key improvements include a new roof (2020), upgraded electrical (2019), and modern plumbing (2017). Additionally, there’s potential for extra income with coin-operated laundry facilities on-site. Located in the heart of Simcoe, this Fourplex is conveniently close to local amenities, including the Norfolk Golf Club and is a quick drive to Port Dover. Don’t miss out on this fantastic investment opportunity—act quickly to secure your future!
- Principal and Interest
- Property Tax
- HOA fee
