An exceptional opportunity to acquire a turn-key investment property in the thriving community of Port Hope. This multi-residential building boasts seven units, six of which have been completely renovated with modern finishes, attracting quality tenants. All tenants pay their own hydro, reducing landlord expenses. With Port Hope's consistently low vacancy rate, this property offers excellent income stability and growth potential. Strategically located, this property is perfectly positioned to capitalize on Port Hope's growing demand for rental housing. Whether you're a seasoned investor or looking to expand your portfolio, this property is a must-see for anyone seeking a strong return on investment in a robust rental market. Don't miss out on this rare opportunity to secure ahigh-performing asset in this desirable markets. There is further upside to be realized when tenants turn over or by separating heat and water expenses to future tenants.
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Lot
62.8 x 392.37 ft
Total Area
24,641.09 ft2
Air Conditioning
N
Garage Type
None
Parking Spaces
7
Heat Type
Gas Forced Air Open
Financial Statement
N
Gross Income/Sales
$129,802
Net Income Before Debt
$86,851
Hydro Expense
$612
Water Expense
$3,504
Heat Expenses
$4,901
Insurance Expense
$4,132
Management Expense
$8,750
Operating Expenses
$40,451
Year Expenses
$2,023
Expenses Actual/Estimated
Est
Sewers
Sanitary
Utilities
A
Water
Municipal
Vacancy Allowance
2
Lot/Bldg/Unit Code
Lot
Zoning
R2
Seller Property Info Statement
N
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