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$589,900
Available - For Sale
Listing ID: X10408156
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.
Extras:   Total monthly rental income - $3525. Total annual gross rental income - $42,300. Expenses approximately $9000 (see income and expenses document). Cap rate/return approximately 5.5%. Immediate possession available.
Price $589,900
Taxes: $3,454.97
Assessment: $216000
Assessment Year: 2024
Address: 527 Front St , Quinte West, K8V 4R4, Ontario
Lot Size: 37.11 x 118.83 (Feet)
Acreage: < .50
Directions/Cross Streets: Nicholas St & Front Street
Rooms: 6
Rooms +: 6
Bedrooms: 2
Bedrooms +: 2
Washrooms: 4
Kitchens: 2
Kitchens +: 2
Family Room: N
Basement: Finished
Full
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Main
Washroom 3:  4 Lower
Washroom 4:  4 Lower
Property Type: Fourplex
Style: Bungalow
Exterior: Stucco/Plaster
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 4
Pool: None
Approximatly Age: 31-50
Approximatly Square Footage: 2000-2500
Property Features: Fenced Yard
Golf
Marina
Rec Centre
School Bus Route
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: None
Elevator Lift: N
Sewers: Sewers
Water: Municipal
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: A
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ROYAL LEPAGE PROALLIANCE REALTY

527 Front St , Quinte West, K8V 4R4, Ontario

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MD Ashraful Bari
Broker
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647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Fourplex
Area: Hastings
Municipality: Quinte West
Neighbourhood:
Style: Bungalow
Lot Size: 37.11 x 118.83(Feet)
Approximate Age: 31-50
Tax: $3,454.97
Maintenance Fee: $0
Beds: 2+2
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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