378 Adam Street Neustadt, ON N0G 2M0
Listing Courtesy of: ITSO / Royal Lepage Rcr Realty Brokerage (hanover)

  378 Adam Street Neustadt, ON N0G 2M0

Pending (4 Days)
$649,900
4
BED
1
BATH
1,344
SQFT

Description

Recently converted into a triplex, this solid brick building has undergone extensive updates in the past 2.5 years, including kitchens, bathrooms, furnace, central air, fire-rated walls, flooring, water heater and appliances. It boasts a strong financial performance with an 8+% cap rate. Fully rented with 2 tenants month to month and one on lease. The triplex comprises two one-bedroom apartments on the main floor and one lower-level 2 bedroom unit. There is a shared laundry in the common area with extra storage. The property includes a spacious paved parking area and is situated in the quiet town of Neustadt, just minutes away from Hanover's amenities. Ideal for investors seeking a well-maintained and income-generating property.

MLS®:
40539293
Taxes
$2,069(2023)
Type
Multifamily
Year Built
1986
County
Grey County

Listed By

Angela Boersma, Royal Lepage Rcr Realty Brokerage (hanover)
Source
ITSO
Last checked Feb 28 2024 at 10:24 AM EST
Bathroom Details
Interior Features
  • Laundry: Common Area
  • Sewage Pump
Lot Information
  • Shopping Nearby
  • Rec./Community Centre
  • Quiet Area
  • Public Parking
  • Playground Nearby
  • Paved
Property Features
  • Foundation: Concrete Block
Heating and Cooling
  • Propane
  • Forced Air
  • Central Air
Basement Information
  • Finished
  • Full
  • Walk-Up Access
Exterior Features
  • Roof: Asphalt Shing
Utility Information
  • Sewer: Sewer (Municipal)
Parking
  • Total: 16
  • Asphalt
Stories
  • 2
Living Area
  • 1,344 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2%
Location
   
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Disclaimer: Copyright 2024 ITSO. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2/28/24 02:24