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Est. payment /mo
7 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Huron-Kinloss
MLS Listing ID X13749932
Style 2-Storey
Bedrooms 7
Annual Tax Amount $2,276
Tax Year 2025
Property Sub-Type Multiplex
Property Description
9.5% CAP RATE | 5 INCOME STREAMS | FULLY TENANTEDInvestors, take note! A strong 9.5% cap rate and immediate cash flow make this turnkey mixed use property a standout investment opportunity in the heart of downtown Ripley. Featuring one generous ground level retail store plus four residential apartments, including three 2 bedroom apartments and one stunning studio loft apartment, this property delivers five established income streams under one roof. Fully occupied and income producing from day one, the property offers diversified residential and commercial revenue with no vacancy to fill. Well maintained, centrally located and positioned for minimal management, this is the kind of straightforward income property investors look for. Five units. Full occupancy. 9.5% cap rate. Immediate income. Add this proven income producer to your portfolio and put your investment dollars to work from day one.
Location
Province ON
County Bruce
Area Bruce
Zoning commercial
Rooms
Family Room No
Basement Other
Kitchen 4
Interior
Interior Features None
Cooling None
Inclusions Apartments include: 4 Stoves, 4 fridges
Exterior
Pool None
Roof Type Other
Lot Frontage 46.0
Lot Depth 68.0
Total Parking Spaces 4
Building
Foundation Unknown
Others
Senior Community No
ParcelsYN No
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Listed by Royal LePage Exchange Realty Co.
Nearby Locations
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