4284 sqft
$625,000
LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 4.85% with a rental increase starting January 2025, and and a future stabilizd CAP rate of 6.58%+! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920s, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 3+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry. (id:47041)
Property Details
MLS® Number
|
E4384668 |
Property Type
|
Multi-family |
Neigbourhood
|
Eastwood |
Parking Space Total
|
5 |
Building
Constructed Date
|
1991 |
Size Interior
|
4284 Sqft |
Land
Acreage
|
No |
Size Irregular
|
7477 |
Size Total
|
7477 Sqft |
Size Total Text
|
7477 Sqft |