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$700,000
Status: For Sale
This listing presents a fully rented five-plex located in the heart of Trenton. The property is well-maintained, boasting a central location that adds to its appeal. Each of the five units is separately metered, allowing tenants to pay their own utilities, which is a desirable feature for both landlords and tenants. The building is equipped with gas heating and a newer boiler, ensuring reliable and efficient heating. Additionally, the plumbing and electrical systems have been updated, providing peace of mind for the new owner. The property includes a full basement with a walk-out, which could be used for storage or other purposes. One of the most notable features of this investment is its impressive capitalization rate (cap rate), indicating a strong return on investment. This solidly built and well-managed five-plex presents a valuable opportunity for investors seeking a profitable and stable property in Trenton.
Property Type | :Commercial |
MLS Number | :X8263396 |
Listing Type | :Sale |
Property Age | :31-50 years |
Possession Date | : |
Last Updated | :23 Apr, 2024 (148 Days ago) |
Source | :TRREB |
Area | :Hastings |
Postal Code | : K8V 2H6 |
Price | : $700,000 |
Property Taxes | :$3099.00 |
Tax Year | :2024 |
Cross Street | :Dundas |
Fireplace/Stove | :No |
23 Apr, 2024
TREB #X8263396
Available
$700000.0