Description
Massive opportunity to sever this double lot legal fourplex into 2 duplexes and sell them for around $650k-$700k each. Or live in one unit and let the other 3 pay your mortgage. Or keep all 4 units rented out for one of the highest cashflowing properties you will find in this price range. Current rents: Unit 1: $1500 + Hydro, Unit 2: $1750 + Hydro, Unit 3: $1600 + Hydro, Unit 4: $2200 + hydro. All units are above ground, 4,935 sq ft + unfinished basement. 2 Brand new High efficiency furnaces. Sandwiched between 2 highrise buildings makes for incredible land value alone. Detached garage in the back could mean extra storage income or just demo it and create 3 more parking spots. High cashflow even with current mortgage rates. Main floor has two 2 bedroom apartments, upper levels have two 4 bedroom apartments. Each apartment comes with 2 living rooms.
Extras: 2 Brand new furnaces, 4 fridges, 4 stoves, washer, dryer, 2 hot water tanks
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8BEDS
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N/AACRES
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7BATHS
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01/2 BATHS
Description
Massive opportunity to sever this double lot legal fourplex into 2 duplexes and sell them for around $650k-$700k each. Or live in one unit and let the other 3 pay your mortgage. Or keep all 4 units rented out for one of the highest cashflowing properties you will find in this price range. Current rents: Unit 1: $1500 + Hydro, Unit 2: $1750 + Hydro, Unit 3: $1600 + Hydro, Unit 4: $2200 + hydro. All units are above ground, 4,935 sq ft + unfinished basement. 2 Brand new High efficiency furnaces. Sandwiched between 2 highrise buildings makes for incredible land value alone. Detached garage in the back could mean extra storage income or just demo it and create 3 more parking spots. High cashflow even with current mortgage rates. Main floor has two 2 bedroom apartments, upper levels have two 4 bedroom apartments. Each apartment comes with 2 living rooms.
Extras: 2 Brand new furnaces, 4 fridges, 4 stoves, washer, dryer, 2 hot water tanks