131-133 Cherry St

It's A Money Maker! This Fully Leased 4-Plex Offers A Solid Investment Opportunity With A 5.5% Cap Rate (At Current Income & Expenses) As Well As Solid Tenancies. Over 3,000 Square Feet Above Grade, Low Maintenance And Located In A Quiet, Established South Ingersoll Neighborhood. Easy Access To The 401 & Walking Distance To Downtown, Shopping And Schools. Two 1-Bedroom Units Upstairs: Each Has A Ground Level Porch/Patio And Spacious Ground Level Entries/Foyers. You'll Find A Spacious 2-Bedroom Main Floor Apartment At The West End Of The Building. The 2 Bedroom Unit Has On Site Parking, A Fenced Yard, Deck And Functional Laundry/Mud Room. The Main Floor 3-Bedroom Apartment, At The East End Of The Building, Has A Rare Attached Double Garage With Inside Access. This Apartment Is Open And Bright, Has A Dedicated Laundry/Mud Room, It's A Deck In In The Good Sized Back Yard. Consider Owner Occupying One Unit. No Rental Equipment, 4 Separate Hydro Meters, And Tenants Pay Their Own Gas And Hydro. Act Now To Secure This Great Investment Opportunity With Positive Cash Flow. 24-48 Hours Notice Appreciated For Showings.

From Propertyline Report: 3,004 Above Grade (Main 1,952 Square Feet And 2Nd Floor 1,052 Square Feet).