$81,000 in Rental Income. Market Rents with 7% Cap-Rate. RENOVATED FOURPLEX on DOUBLE LOT with TONS of UPDATES. Tenants pay Heat, Hydro & Water. UPDATED Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly vetted tenants with no legacy tenants. Introducing a prime investment opportunity located at the corner of Mary and Peel: a brick 4-plex boasting an extra-large lot for potential expansion. While it may not be suitable for severance, there's room for growth, possibly transforming it into a 7-plex . Don't miss out on this investment opportunity with potential for growth and increased profitability. **EXTRAS** Located in a well-established neighborhood, residents benefit from proximity to local amenities such as shops, restaurants, and parks, fostering a convenient and comfortable lifestyle. (id:7434)
Property Attributes
ID#X11895246
Type Multi-Family
City Brantford
Postal Code N3S 3B1
Style
Price$ 1,049,900
Bedrooms 7
Bathrooms 4
Half Bathrooms 0
Sqr Footage3000
Data Source:
Canadian Real Estate Association (CREA)
Building Fireplace Present
False
Building Heating Type
Heat Pump
Building Heating Fuel
Electric
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Sewer
Sanitary sewer
Exterior Finish
Brick