Legal non-conforming triplex in a prime location perfect for capturing top market rents. Each unit has in-suite laundry and dedicated parking, making it easy to rent and manage. The building is in excellent condition with numerous recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. Featuring high ceilings and exposed brick, all units show beautifully. The property includes two 1-bedroom units and one 2-bedroomunit. Unit #1 (1 bed) rents for $1,600/month, Unit #3 (1 bed) rents for $1,600/month, and Unit #2 (2 bed) rents for $1900/month. Total gross income is $61,200/year, with estimated annual expenses of $12,440, for a NOI of $48,760. Market Rent increases could comfortably raise the net to closer to $55,000. A well-maintained, cash-flowing investment with wonderful tenants and strong rental appeal. Call, text, or email to book your showing. (id:4069)
Address
341 DIVISION STREET
List Price
$724,900
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
Ontario
Sub-Area
Kingston (east Of Sir John A Blvd)
Bedrooms
4
Floor Area
2,669 Sq. Ft.
Lot Size
25 x 100 FT Sq. Ft.
MLS® Number
X12473303
Listing Brokerage
RE/MAX RISE EXECUTIVES, BROKERAGE
Postal Code
K7K4A2
Zoning
A
