527 Front Street Quinte West, Ontario K8V 4R4
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Jason Ballas
Salesperson
253 Dundas St E Unit B
Trenton, Ontario K8V 1M1
Rochelle Ballas
Salesperson
253 Dundas St E Unit B
Trenton, Ontario K8V 1M1
$589,900
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. (id:58576)
Property Details
| MLS® Number | X10408156 |
| Property Type | Single Family |
| AmenitiesNearBy | Marina |
| CommunityFeatures | Community Centre, School Bus |
| Features | Level |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 2 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 4 |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ExteriorFinish | Stucco |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 1999.983 - 2499.9795 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Marina |
| LandscapeFeatures | Landscaped |
| Sewer | Sanitary Sewer |
| SizeDepth | 118 Ft ,9 In |
| SizeFrontage | 37 Ft ,1 In |
| SizeIrregular | 37.1 X 118.8 Ft |
| SizeTotalText | 37.1 X 118.8 Ft|under 1/2 Acre |
| ZoningDescription | R3 |
Utilities
| Sewer | Installed |
https://www.realtor.ca/real-estate/27618049/527-front-street-quinte-west
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
December 02 2024 04:29:01
Durham Region Association of REALTORS®
Royal LePage Proalliance Realty
Why Sell With Dharm Gill?
Selling your home with Dharm Gill means leveraging expert market knowledge, personalized marketing strategies, and dedicated support to ensure you get the best value. Dharm Gill’s commitment to excellence and client-focused approach guarantees a seamless and successful selling experience.
