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$550,000
Status: For Sale
Approx. going-in cap rate of 6.2% @ $137k/unit. 4x 1-bedroom units, approx. 700 sqft each. An add-value investors ideal next project. Approx. 31% lift on overall rent roll once stabilized. Hydro is separately metered; however, the landlord currently pays - opportunity to pass this expense to tenants in the future to decrease overall expenses and increase NOI. Steel Roof (2014) , Furnace (2021). 3 Parking spots.
Property Type | :Residential Income |
MLS Number | :40614912 |
Listing Type | :Sale |
Property Age | :100+ Years years |
Possession Date | : |
Last Updated | :05 Jul, 2024 (77 Days ago) |
Source | :Kingston |
Area | :Frontenac |
City | :Kingston |
Area Major | :Kingston |
Area Minor | :22 - East of Sir John A. Blvd |
Postal Code | : K7K 3H7 |
Directions | :Thomas Street and Montreal Street. |
Price | : $550,000 |
Property Taxes | :$5647.19 |
Tax Year | :2024 |
Bedrooms | :4 + |
Heating | :Forced Air |
Place of Worship | :No |
Bathrooms | :4 |
Approx Square Footage | :3000 sqft |
Parking Space | :3 |
Basement | :Crawl Space |
03 Jul, 2024
TREB #40614912
Listed
$550000