$0.6 mln - 2 Bedroom - House in Quinte West,ON - 527 Front St | HomeSmile
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listed 13 days ago
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listed 13 days ago
$599,900AI EST: -2.0% $588K Valuation info
527 Front St
2 +2
bedrooms
4
bathrooms
4
parking spaces

Description

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.
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Sold history


General Info

2+2 bedroom semi-detached house in Quinte West
527 Front St, MLS: X9032093

Style | Type
bungalow | fourplex
Approx. Age
31-50
Lot Width
37.1 ft
Lot Length
118.8 ft
Total Approx. Floor Area
2000-2500 sqft

Rooms

Bedrooms
2+2
Total Rooms
6+6
Bathrooms
4
Basement
fin w/o+full

Parking

Garage spaces
0
Total spaces
4
Driveway
private

Financial info

Taxes
$3,242 / 2023

Additional info

Fireplace/Stove
none
Heating
forced air
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.

Other

Possession Details
flexible
Nearby Amenitites
fenced yard, golf, marina, rec centre, school bus route
Exterior Finish
stucco/plaster
Handicapped Equipped
none
Listing Brokerage
royal lepage proalliance realty
Zoning
r3

Listing Information

Listed Price
$599,900
Listed date
10 jul 2024
Days On The Market
13
HomeSmile AI estimate
$587,813 Valuation info
FOR SALE
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