Brand new centrally located 6 plex in the beautiful Town of Essex within walking distance to all town
amenities. One of the most energy efficient properties being offered for sale in Essex County with ICF
from ground to roof and cold climate heat pumps which offer low and ONLY utility cost (hydro) to any
future Tenants (no gas bills). Establish your own Rents and Tenants (expected rental income of $2500 per
unit plus heat/hydro). Every unit offers identical 2 bedroom layout with open concept kitchen, living
room and eating area, four piece bathroom and own laundry/utility rooms. Operating at 6.5-7% cap rate
(Income and Expense estimates are projections). Front parking for up to 8 cars.
PROPERTY SPECS
Price $2,295,000
City Essex, Ontario
Address 120 CENTRE Street
Listing ID 24003324
Construction Stucco
Roof Asphalt Shingle
Flooring Ceramic or Porcelain, Hardwood or Engineered Hrwd, Laminate
Land Size 80 FT X 127.20 FT
Type Multi-Family
Status For Sale
EXTENDED FEATURES
Subtype5 - 8 UnitInclusionsALL APPLIANCES INCLUDED IN ALL UNITSOwnershipFreeholdBuilding AmenitiesEnergy Efficient, Laundry Facility, StorageAppliancesDishwasher, Refrigerator, Stove, Washer/Dryer Stack UpFoundationOther, See RemarksHeating / CoolingCentral Air Conditioning, Heat PumpHeating FuelElectricHot Water TankElectricUtility WaterMunicipal WaterSewerSanitaryDate ListedFeb 26, 2024Days on Market70ParkingPaved