Added 1 month ago
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Type: Fourplex
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Style: Bungalow
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Size: 2000 sqft
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Lot Size: 37.11 x 118.83 Feet
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Age: 31-50 years
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Taxes: $3,455 per year
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Days on Site: 28 Days
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Added: Nov 04, 2024 (1 month ago)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X10408156
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Listed By: Royal lepage proalliance realty
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. Visit my website for further information about this Listing.
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.
Upcoming Open Houses
We do not have information on any open houses currently scheduled.
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Property
Status: Sale
Property Type: Fourplex
Style: Bungalow
Size (sq ft): 2000
Age: 31-50
Area: Quinte West
Availability Date: FLEXIBLE
Assessment Amount: $216,000
Assessment Year: 2024
Inside
Bedrooms: 2
Bedrooms Plus: 2
Bathrooms: 4
Kitchens: 2
Kitchens Plus: 2
Rooms: 6
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Washrooms: 4
Utilities
Electricity: Yes
Gas: Yes
Telephone: Available
Building
Basement: Finished
Basement 2: Full
Heat Type: Forced Air
Heat Source: Gas
Exterior: Stucco/Plaster
Elevator: N
Green Verification Status: N
Water Supply: Municipal
Special Designation: Unknown
Retirement: N
Parking
Driveway: Private
Garage Type: None
Covered Parking Spaces: 4
Total Parking Spaces: 4
Fees
Tax Year: 2024
Tax Legal Description: PT LTC, RESERVE LT E, 46 NE/S WELLINGTON ST PL 230 MURRAY AS IN
Taxes: $3,455
Highlights
Feature: Fenced Yard
Feature: Golf
Feature: Marina
Feature: Rec Centre
Feature: School Bus Route
Land
Cross Street: Nicholas St & Front
Municipality District: Quinte West
Fronting On: East
Parcel Number: 403740158
Parcel of Tied Land: N
Pool: None
Sewer: Sewers
Lot Depth: 118.83 Feet
Lot Frontage: 37.11 Feet
Acres: < .50
Zoning: R3
Waterfront: None
Car-Dependent
- Most errands require a car.
Somewhat Bikeable
- Most errands require a car.
Trent River Public School
Elementary: PublicNorth Trenton Public School
Elementary: PublicSt Paul Catholic Elementary School
Elementary: CatholicV P Carswell Public School
Elementary: PublicSt Peter Catholic School
Elementary: CatholicPrince Charles Public School
Elementary: PublicSir James Whitney School for the Deaf
Secondary: ProvincialÉcole secondaire publique Marc-Garneau
Secondary: PublicSt Paul Catholic Secondary School
Secondary: CatholicTrenton High School
Secondary: PublicBayside Secondary School
Secondary: PublicEast Northumberland Secondary School
Secondary: Public-
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