Property Information:
Great starter investment property with upside. Legal Triplex in generally good condition. Fairly long term tenants in upper two units. Lower level has just been completely renovated and awaits a new tenant. Main floor tenants have use of half the yard. There are convenient storage lockers for each unit for bikes etc. in the rear. Both upper units have a bonus "solarium " room that serves as great flex space. See attached Floor plans to see layouts. Full income and expense statement will be attached to the listing. NOI ( before debt service) is $28804.00. Rents are extremely reasonable: Main floor ( 374) $1158, Second floor ( 376) $1742 and Lower Level ( 378) estimate at $1200 ( same rental rate as prior to the renovation). Landlord currently paying for Hydro but it is separately metered and could be split out on tenancy renewal. (id:27)
Building Features:
-
Style:
Multiplex
-
Building Type:
Triplex
-
Air Conditioning:
Yes
-
Amenities:
Separate Hydro Meters
-
Basement Development:
Finished
-
Basement Type:
N/A
-
Exterior Finish:
Aluminum siding, Concrete Block, Stucco
-
Floor Space:
1100 - 1500 sqft
-
Foundation Type:
Concrete
-
Heating Type:
Forced air
-
Heating Fuel:
Natural gas
-
Cooling Type:
Window air conditioner
-
Appliances:
Water meter, Stove, Refrigerator