Sold on Aug 30, 2024
Note: Property is not currently for sale or for rent.
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Type: Multiplex
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Style: 2-Storey
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Size: 2000 sqft
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Lot Size: 35.5 x 126.75 Feet
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Age: No Data
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Taxes: $4,447 per year
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Days on Site: 98 Days
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Added: May 24, 2024 (3 months on market)
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Updated:
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Last Checked: 21 hours ago
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MLS®#: X8369506
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Listed By: Royal lepage proalliance realty
With Rents On The Rise, Buy-And-Hold Rental Investment Is A Shining Star In Today's Real Estate Market. Once In A Great While, We Find An Income Property Like This One. Owned By The Same Family For Over 40 Years This 6-7 Unit Property Is A Solid Moneymaker. Currently, There Are 4-1 Bedroom Units & 2 Bachelors. The 7th Is Currently The Owner's Office And Could Be Rented As A Studio/Room At $800/Month. All Units Have Separate/Private Entrances (No Hallways or shared entrances). With A Potential Gross Income Of $96,000 The Property Nets Approximately $72,000 Before Financing With A Cap Of Almost 9%. The Property Is In Excellent Condition, With All Wiring and plumbing updated. 2 Units Are Newly Refreshed, and 1 has just been renovated. Mostly at market rents and with increases possible on turnovers. Great tenants who are all working folks or retirees. Very clean, well-kept property, creating worry-free cash flow.
Status
Days on Market: 98
Last Status: Sold
Sold Date: Aug 30, 2024
Closed Date: Sep 16, 2024
Expiry Date: Aug 30, 2024
Sold Price: $900,000
Unavailable Date: Aug 30, 2024
Input Date: May 24, 2024
Property
Status: Sale
Property Type: Multiplex
Style: 2-Storey
Size (sq ft): 2000
Area: Belleville
Availability Date: Flexible
Inside
Bedrooms: 7
Bathrooms: 7
Kitchens: 7
Rooms: 7
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Washrooms: 7
Utilities
Electricity: Yes
Gas: Available
Cable: Yes
Telephone: Yes
Building
Basement: None
Heat Type: Baseboard
Heat Source: Electric
Exterior: Stone
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Private
Garage Type: None
Covered Parking Spaces: 4
Total Parking Spaces: 4
Fees
Tax Year: 2024
Tax Legal Description: Lt 2 Pl 185 Thurlow; Belleville; County Of Hasting
Taxes: $4,447
Highlights
Feature: Hospital
Feature: Park
Feature: Public Transit
Feature: Rec Centre
Feature: School
Feature: School Bus Route
Land
Cross Street: Station Street
Municipality District: Belleville
Fronting On: East
Parcel Number: 405140146
Pool: None
Sewer: Sewers
Lot Depth: 126.75 Feet
Lot Frontage: 35.5 Feet
Acres: < .50
Zoning: R4
Waterfront: None
Somewhat Walkable
- Some errands can be accomplished on foot.
Bikeable
- Some errands can be accomplished on bike.
Queen Elizabeth Public School
Elementary: PublicHoly Rosary Catholic School
Elementary: CatholicQueen Victoria School
Elementary: PublicPrince Charles Public School
Elementary: PublicPrince of Wales Public School
Elementary: PublicSt Michael Catholic School
Elementary: CatholicSir James Whitney School for the Deaf
Secondary: ProvincialNicholson Catholic College
Secondary: CatholicQuinte Secondary School
Secondary: PublicMoira Secondary School
Secondary: PublicSt Theresa Catholic Secondary School
Secondary: CatholicCentennial Secondary School
Secondary: Public-
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