This is a fire rated brick triplex. Unit 1 is rented for $777. A new gas furnace was installed in 2023. It is a long term tenant and the market rent would be $1500. It is the main floor of the original house. Unit 2 is rented for $1333; it is a 2 bed with a balcony. The bathroom was redone about 3 years ago with an oversized shower. It is the total upstairs of the main house. Unit 3 is on the main floor of an addition to the back of the house. it has a covered porch and access to half of the back yard. The unit was totally renovated in 2024 ceiling to floor plus a new f/a gas furnace and central air. I have used a projected rent of $1600. Note: Tenants pay all utilities, gas, hydro and water (separate meters). rent $44450 less costs Taxes $3479, insurance $3000 and water heater rentals $432.n Tot Expense $6911. Net Income $37609 5.85 CAP RATE. (id:47423)
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Detailed Information
Bedrooms
4
Bathrooms
3
Lot
50 x 0 ft
Amenities Nearby
Hospital, Public Transit
Features
Paved driveway
Listing Contract Date
2024-10-31
Location Description
Colborne E, south onto Park, east [left onto East]
Ownership Type
Freehold
# of Parking Spaces
1
Property Type
Multi-family
Structures
Porch
Transaction Type
For sale
Zoning Description
rc
Building
Basement Development
Unfinished
Basement Type
Partial (Unfinished)
Cooling Type
Central air conditioning
Exterior Finish
Brick
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Land
Total Size
0.14 acres
Access Type
Road access, Highway access
Amenities
Hospital, Public Transit
Sewer
Municipal sewage system
Size of Irregular Land
0.14
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