Last price change Mar 19
bed
0bathProperty type
Investment
Lot size
N/A
Style
Approx. Area
N/A
Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost $43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio.
Last updated
Apr 24
Virtual tour
None
Basement information
Building size
0.1
Status
In-Active
Property sub type
Investment
Maintenance fee
$N/A
Year built
2025
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