Description
Many want-to-be-real-estate-investors will use all 10 fingers and all 10 toes to find a reason NOT to invest. Don't be that investor. Put those digits (and your spreadsheets) to good use. Take a look at this nicely updated triplex in the heart of Belleville. The bright 1 bedroom upstairs unit is recently renovated. The two lower units have been bringing in great rental income, and both will be vacant Sept 1. Separate meters means all tenants pay their own water, sewer, heat and hydro utilities. A metal roof was added in 2017, as well as 2 new gas furnaces. More recent updates include windows, flooring, kitchens, bathroom updates, a new gas fireplace for the upstairs unit and new side decks for the lower units. Each unit has its own laundry. Even better this beautifully maintained property includes plenty of parking and is walking distance to shopping. Public transit stops here. If you've been looking for an easy, cash-flowing investment with an 8.8% CAP rate, you've found it.
Overview
Property ID:
X12168570
Type:
Triplex
Bedrooms:
7
Bathrooms:
5
Square:
2,750 m²
Price:
$674,000
PropertyType:
Residential Freehold
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
None
Heating:
Forced Air
ParkingFeatures:
None
YearBuilt:
100+
TaxAnnualAmount:
3835.75
PossessionDetails:
Immediate
Map
-
AddressBelleville
Contact Agency
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