182 12th Street

Hanover, Hanover

描述

Maximize your portfolio's potential with this exceptional 6-plex, featuring a strong 6.38% CAP rate with further upside to push the CAP rate above 7.0%. This property has R5 zoning, offering the unique potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, projecting a robust yearly income of $100,620.00 against low 2024 operating expenses of $17,686.12. A breakdown of these financials can be obtained by your REALTOR. Formerly the Hanover Lutheran Church, the building retains historic charm alongside major modern upgrades, including a 2022 on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades. With nine parking spaces and a split utility structure (landlord pays water/sewer, tenants pay hydro; main floor and second level units pay gas heat, landlord pays in-floor gas heat in two level units), this is a turn-key investment.

This multiplex home located at 182 12th Street, Hanover, ON N4N 1T8 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$1M. It has 8 beds, 6 bathrooms, and is 2500-3000 square feet. The property is N/A years old. 182 12th Street, Hanover, ON N4N 1T8 is in Hanover neighborhood Hanover.