4 Prospect Street

About This Property

Located in the heart of downtown Tillsonburg, this 12 unit purpose built apartment building features 5 two bedroom, 5 one bedroom and 2 bachelor suites. Unique common patio area at the front. Excellent cash flow with minimum vacancy and plenty of upside potential to increase rents. Building has been well cared for by the current owners with thousands invested in capital and cosmetic improvements-new roof (2022), new windows 2012, electrical and plumbing have been upgraded, all units have been updated including kitchen cabinets, bathroom fixtures and flooring ceramic tile hallways, rubber stair treads on 4 staircases in main hallways, concrete walkway in front courtyard, two new front entry precast concrete stairs, new coin operated laundry and two new water heaters in last ten years. Sale also includes a vacant lot at 8 Bidwell at the corner of Prospect Street (.094 A). This is an excellent addition to any investment portfolio. Rent roll including operating costs available to interested parties. Viewings on Wednesdays starting May 13th between 3-5 pm.