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527 FRONT STREET, Quinte West, Ontario, K8V4R4
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:2471)
Royal LePage ProAlliance Realty Brokerage - Trenton
- 613-920-0092
- 613-394-4837
- Property Address: 527 FRONT STREET, Quinte West, Ontario, K8V4R4
- Property Type: Single Family
- Zoning Description: R3
- Lot Size: 37.1 x 118.8 FT
- Acreage: 37.1 x 118.8 FT|under 1/2 acre
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Total Parking Spaces: 4
- Amenities Nearby: Marina
- Structure Style: Fourplex
- Storeys: 1
- Floor Space: 1999.983 - 2499.9795 sqft
- Bedrooms: 2 + 2
- Bathrooms: 4-Total
- Basement Type: Full (Finished)
- Heating Type: Natural gas, Forced air
- Exterior Type: Stucco
- Foundation Type: Block
- Level
- Landscaped
- Community Centre
- School Bus
Listing Offices: ROYAL LEPAGE PROALLIANCE REALTY
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