Property Information:
Turnkey fourplex generating approximately $5,500 in gross monthly income, or about $66,000 annually. After mortgage, insurance, and utilities, the property maintains a net positive cash flow, offering an estimated return of over 9%. The building includes four fully renovated units, each with its own kitchen and bath. Unit #1 rents for $1,750/month and features 2 bedrooms, a living room, kitchen, and bath. Unit #2 rents for $1,050/month, Unit #3 for $1,332.50/month, and Unit #4 for $1,230/month - each with 1 bedroom, kitchen, and bath. Coin laundry adds an additional $150/month. This solid brick building sits on a deep lot with over 5 parking spaces and zoning potential for rear parking. It includes 5 total bedrooms, 4 full bathrooms, and 4 kitchens, with 4 separate hydro meters. Additional features include baseboard electric heating in all units, a coin-operated washer and dryer, and a dedicated storage and utility room. The property is fully tenanted and ready for immediate cash flow. (id:27)
Building Features:
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Style:
Multiplex
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Building Type:
Fourplex
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Basement Development:
Finished
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Basement Type:
N/A
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Exterior Finish:
Brick
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Floor Space:
2000 - 2500 sqft
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Foundation Type:
Concrete
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Heating Type:
Baseboard heaters
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Heating Fuel:
Electric
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Appliances:
Dryer, Stove, Washer, Refrigerator
