Maximum 4 project can be compared at one go.
$589,900
Status: For Sale
Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units you greatly reduce vacancy losses due to more units bringing income. Fully Occupied with good tenants that take great care of the property. Strong monthly revenue produces over $42,000 of GROSS RENTAL INCOME. Hydro, Water/Sewer are metered separately (Landlord Pays Gas). Cap Rate Over 5.5%. Four units in total, 2 on Main & 2 on Lower. All Units have 1 Bd & 1 Bath, plus main entrances and secondary/emergency exits. Each unit also has their own patio areas plus there is a large, fenced yard that is shared. Unit 1 pays $650/Mth +Hydro & Water/Sewer. Tenant has been there approx. 13Yrs. Unit in excellent condition. Unit 2 is also in great condition & Tenant has been there since Sept. 2021. Tenant pays $875/Month +Hydro & Water/Sewer. Unit 3 has 1 Bd, 1 Bath. Tenant has been there 6.5Yrs & pays $650/Mth +Hydro, Water/Sewer. Unit 4 has was renovated 2022 with new vinyl flooring, new bath & updated kitchen. Tenant pays $1350/Mth +Hydro, Water/Sewer. Great income producing property & excellent tenants. Income statement avail upon request. Add this excellent building to your real estate investment portfolio. You wont be disappointed.
| Property Type | :Residential |
|---|---|
| MLS Number | :X10408156 |
| Listing Type | :Sale |
| Property Age | :31-50 Years |
| Possession Date | : |
| Last Updated | :05 Nov, 2024 (16 Days ago) |
| Source | :TRREB |
| Area | :Hastings |
|---|---|
| Postal Code | :
K8V 4R4
|
| Price | : $589,900 |
|---|---|
| Property Taxes | :$3454.97 |
| Tax Year | :2024 |
|---|
| Bedrooms | :2 + 2 |
|---|---|
| No. of Rooms | :6 |
| Air Conditioning | :None |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :Nicholas St & Front Street |
| Bathrooms | :4 |
|---|---|
| Fuel | :Gas |
| Elevator | :No |
| Approx Square Footage | :2000-2500 sqft |
| Fireplace/Stove | :No |
| Exterior Finish | :Stucco/Plaster |
|---|---|
| Parking Space | :4 |
| Basement | :Finished |
| Garage | :None |
|---|
05 Nov, 2024
TREB #X10408156
Listed
$589900.0
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