Wholesale Price: $305K OBO Estimated As-Is Value: ~$340K Estimated After Repair Value: ~$380K+
Closing: February 28th, 2022Looking for your next quick and easy multi-family project? Look no further than 349 10th Street E in Owen Sound! This row house, legal duplex is going to be vacant possession upon closing- with one unit already vacant and the other tenant agreeing to leave before closing date. The units are both in good condition, allowing investors to rent it out as is, or make lipstick renovations to increase after repair value. Moreover, Owen Sound is a lucrative Airbnb market with daily rates for private units fetching around $140-$150 a night, and private rooms/bedrooms, going for nearly $80-$90 a night. High cash flow, BRRRR and short-term rentals with immediate equity on the buy are all viable strategies with this property! Contact us soon as you do not want to miss out on this opportunity.
Calling all investors, new or experienced, here’s your chance to purchase a vacant attached rowhouse duplex at Downtown Owen Sound! Centrally located, outside your doorsteps are endless choices of entertainment, restaurants, churches etc. Within 3 minute walking distance are 4 churches, over 10+ local restaurants, and several service stores including entertainment at Georgian Bay Symphony. With such a central location, this would be perfect as a short-term rental where you can potentially rent out each unit at ~$150 a night. Moreover, you are right by the gorgeous waterfront just 2 minutes away.
Comparables:There are not many immediate comparable as most units are fully tenanted and under rented, require significant renovations or is detached. Below are some sales data for reference.
355 11TH Street E- $293,000 (Sold Jun 2021) 1117 4TH Street E- $350,000 (Sold May 2021)For full information, videos, and photos check out the link below:Call or email Austin for any questions:
647-933-5598
austin@ontariopropertydeals.ca