$109,990 · Well maintained & managed 11 Unit building in downtown Prescot

283 GEORGE ST, Prescott K0E 1T0 Listed at $1,099,900 MLS#1181740 Lot Size: 85.99' x 83' Feet Annual Gross Income: $109,836 Annual Total Operating Expenses: $47,677 Net Operating Income: $62,159 Well maintained and managed 11 Unit building in downtown Prescott, one block from King Street. One 1-bedroom unit and Ten 2-bedroom units, all fully rented! Gas boiler system-2012. Flat roof, half done - 2012 & other half 2016. Upgraded plumbing & electrical. Coinamatic income producing washer & dryer. Installed 3 wall mounted gas heaters in 3 units in 2015. Rents for apartments 1, 2, 4, 5, 6, 8, 9, 10, and 11 are inclusive of all utilities. 2 Units pay their own Hydro and Sewer & water. Current owners have renovated units and increased rents. Walking distance to shops, restaurants, banks, the LCBO, Shoppers, & the waterfront. Perfect location for tenants! Giant Tiger has their new warehouse in Johnstown just minutes from Prescott. **Proposed in-door water park & resort to be built just minutes away. Close to Brockville, bridge to USA, 40 minutes to Barrhaven & approximately 1 hour from downtown Ottawa. 48 Hours notice for showings. 3 Parking spots but plenty of street parking. Gas boiler-2012. Newer Roof - 2012 & 2016. Upgraded plumbing and electrical to units since purchased in 2014. Coinamatic washer & dryer 2014. Newer fridge and stove in 8 units. Installed 3 new wall mounted gas heaters in 3 units 2015. Rents for 9 units inclusive of all utilities Please contact for more information Sorin Vaduva Capital Homes Realty Inc., Brokerage