$81,000 in Rental Income. Market Rents with 7% Cap-Rate. RENOVATED FOURPLEX on DOUBLE LOT with TONS of UPDATES. Tenants pay Heat, Hydro & Water. UPDATED Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly vetted tenants with no legacy tenants. Introducing a prime investment opportunity located at the corner of Mary and Peel: a brick 4-plex boasting an extra-large lot for potential expansion. While it may not be suitable for severance, there's room for growth, possibly transforming it into a 7-plex . Don't miss out on this investment opportunity with potential for growth and increased profitability. (id:13843)
MLS# | 40685007 |
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Listing Type | For Sale |
Status | Active |
Days On Site | 129 |
Listing Provided By | EXP REALTY OF CANADA INC | Jake Nicolle |
SQ Feet | 3,207 |
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Basement | Y |
Story(s) | 2 |
Zoning | rc |
Province | ON |
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City | Brantford |
Postal Code | N3S3B1 |
Community Name | 2045 East Ward |
Listing VS Median (in 2045 East Ward) | |
Price: $1,049,900 low | high Med: $2,100 SqFt: 3,207 low | high Med: 1,000 $ / SqFt: $327 low | high Med: $2 On site: 129 low | high Med: 64.000000 |