A downtown up-and-down Inner Harbour legal duplex with the utilities all nicely separated. A freshly renovated (it's really quite brilliant) three-bedroom ground floor unit is vacant and ready to go. Up above is a good two-bedroom unit also vacant. Both have their own furnace and AC systems. This spacious detached property is in fine condition with maintenance-free vinyl siding, as well as ample parking and outdoor space. The downtown core is a twelve-minute stroll, Doug Fluhrer Park and the waterfront is not even five minutes away, and The Elm Cafe is closer than your own kitchen. It seems an unusually fine investment to me, offering the opportunity to set your own rents or live inexpensively in one of the city's most thrilling neighbourhoods. Conservative rents would be $2000 + on the main floor and $1300 + upstairs. 2023 taxes of $4493 and insurance of approximately $1400 per year suggest an NOI of 33,707 and a very healthy CAP rate of 6.2%. (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
2
Lot
39 x 106 ft
Amenities Nearby
Park, Place of Worship, Public Transit, Schools, Shopping
Community Features
Quiet Area
Features
Paved driveway
Listing Contract Date
2024-05-28
Location Description
Bagot at Charles
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
UR5
Building
Basement Development
Unfinished
Basement Type
Crawl space (Unfinished)
Constructed Date
1900
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Road access
Amenities
Park, Place of Worship, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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