Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today. (id:48744)
| MLS® Number | X12544210 |
| Property Type | Multi-family |
| Neigbourhood | Williamsville |
| Community Name | 14 - Central City East |
| AmenitiesNearBy | Public Transit |
| ParkingSpaceTotal | 4 |
| BathroomTotal | 4 |
| BedroomsAboveGround | 8 |
| BedroomsBelowGround | 3 |
| BedroomsTotal | 11 |
| Age | 51 To 99 Years |
| Amenities | Fireplace(s) |
| Appliances | Water Heater, Dishwasher, Dryer, Microwave, Stove, Washer, Window Coverings, Refrigerator |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Vinyl Siding |
| FireProtection | Smoke Detectors |
| FireplacePresent | Yes |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2000 - 2500 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
| No Garage |
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 125 Ft |
| SizeFrontage | 45 Ft |
| SizeIrregular | 45 X 125 Ft |
| SizeTotalText | 45 X 125 Ft|under 1/2 Acre |
| ZoningDescription | A |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.17 m | 4.4 m | 4.17 m x 4.4 m |
| Second Level | Bedroom 2 | 3.8 m | 3.33 m | 3.8 m x 3.33 m |
| Second Level | Bedroom 3 | 4.15 m | 2.97 m | 4.15 m x 2.97 m |
| Second Level | Kitchen | 3.8 m | 3.16 m | 3.8 m x 3.16 m |
| Second Level | Living Room | 5.35 m | 3.62 m | 5.35 m x 3.62 m |
| Second Level | Bathroom | 2.7 m | 1.81 m | 2.7 m x 1.81 m |
| Basement | Kitchen | 1.56 m | 5 m | 1.56 m x 5 m |
| Basement | Dining Room | 2.18 m | 1.66 m | 2.18 m x 1.66 m |
| Basement | Living Room | 3.91 m | 6.83 m | 3.91 m x 6.83 m |
| Basement | Bathroom | 2.14 m | 1.5 m | 2.14 m x 1.5 m |
| Basement | Primary Bedroom | 3.79 m | 3.54 m | 3.79 m x 3.54 m |
| Basement | Bedroom 2 | 3.79 m | 3.07 m | 3.79 m x 3.07 m |
| Basement | Bedroom 3 | 3.79 m | 2.7 m | 3.79 m x 2.7 m |
| Main Level | Kitchen | 4.17 m | 2.41 m | 4.17 m x 2.41 m |
| Main Level | Living Room | 5.14 m | 3.65 m | 5.14 m x 3.65 m |
| Main Level | Kitchen | 2.12 m | 4.23 m | 2.12 m x 4.23 m |
| Main Level | Dining Room | 1.41 m | 2.06 m | 1.41 m x 2.06 m |
| Main Level | Living Room | 2.35 m | 2.86 m | 2.35 m x 2.86 m |
| Main Level | Bedroom | 2.97 m | 2.95 m | 2.97 m x 2.95 m |
| Main Level | Bathroom | 2.78 m | 1.51 m | 2.78 m x 1.51 m |
| Main Level | Bathroom | 2.66 m | 1.82 m | 2.66 m x 1.82 m |
| Main Level | Primary Bedroom | 4.15 m | 3.31 m | 4.15 m x 3.31 m |
| Main Level | Bedroom 2 | 3.79 m | 3.31 m | 3.79 m x 3.31 m |
| Main Level | Bedroom 3 | 2.98 m | 2.59 m | 2.98 m x 2.59 m |
| Main Level | Bedroom 4 | 3.76 m | 3.19 m | 3.76 m x 3.19 m |
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
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