Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units you greatly reduce vacancy losses due to more units bringing income. Fully Occupied with good tenants that take great care of the property. Strong monthly revenue produces over $42,000 of GROSS RENTAL INCOME. Hydro, Water/Sewer are metered separately (Landlord Pays Gas). Cap Rate Over 5.5%. Four units in total, 2 on Main & 2 on Lower. All Units have 1 Bd & 1 Bath, plus main entrances and secondary/emergency exits. Each unit also has their own patio areas plus there is a large, fenced yard that is shared. Unit 1 pays $650/Mth +Hydro & Water/Sewer. Tenant has been there approx. 13Yrs. Unit in excellent condition. Unit 2 is also in great condition & Tenant has been there since Sept. 2021. Tenant pays $875/Month +Hydro & Water/Sewer. Unit 3 has 1 Bd, 1 Bath. Tenant has been there 6.5Yrs & pays $650/Mth +Hydro, Water/Sewer. Unit 4 has was renovated 2022 with new vinyl flooring, new bath & updated kitchen. Tenant pays $1350/Mth +Hydro, Water/Sewer. Great income producing property & excellent tenants. Income statement avail upon request. Add this excellent building to your real estate investment portfolio. You wont be disappointed. **** EXTRAS **** Total monthly rental income - $3525. Total annual gross rental income - $42,300. Expenses approximately $9000 (see income and expenses document). Cap rate/return approximately 5.5%. Immediate possession available. (id:47423)
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Detailed Information
Bedrooms
2+2
Bathrooms
4
Lot
37.08 x 118.75 ft
Amenities Nearby
Marina
Community Features
Community Centre, School Bus
Listing Contract Date
2024-07-10
Location Description
Nicholas St & Front Street
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Zoning Description
R3
Building
Architectural Style
Bungalow
Basement Development
Finished
Basement Features
Walk out
Basement Type
Full (Finished)
Exterior Finish
Stucco
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1
Type
Fourplex
Utility Water
Municipal water
Utilities
Type
Description
Sewer
Installed
Land
Total Size
37.1 x 118.8 FT | under 1/2 acre
Amenities
Marina
Fence Type
Fenced yard
Sewer
Sanitary sewer
Size of Irregular Land
37.1 x 118.8 FT
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