Attention Investors! Newly converted legal Tri-Plex being sold vacant! Pick your tenants! Set your own rents & no rent control! Fully Renovated! Solid building with original construction 2006! Walking distance to St. Lawrence College. 3 units each with 2 bedrooms, kitchen, washer & dryer, & dishwasher hook ups. Building is turn key! Roof 5+/- years! Electrical updates & plumbing updates! Conversion 2024, 3 meters, 3 hot water heaters & all units pay own utilities. Exterior freshly painted. Final stages of construction underway & will be completed prior to closing, units will be completed to same standard & material as the current completed unit. Property Taxes & Water taxes to be determine by MPAC due to conversion from Commercial to Residential. Don't miss adding this property to your portfolio. Cash flow is an estimate of current market rents. Buyer to confirm taxes & water. Estimated rental income creates a cap rate of 5.6%. 24 hours on all offers as per form 244. Seller is Broker (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
43.08 x 108.92 ft
Lease Type
Other, See Remarks
Listing Contract Date
2024-10-05
Municipal ID
601560237
# of Parking Spaces
4
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
Residential
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
2006
Construction Style (Attachment)
Attached
Cooling Type
None
Exterior Finish
Siding
Flooring Type
Laminate, Other
Heating Fuel
Electric
Heating Type
Baseboard heaters
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Gravel
Land
Total Size
43.12 ft X 108.94 ft (Irregular Lot)
Sewer
Municipal sewage system
Size of Irregular Land
43.12 ft X 108.94 ft (Irregular Lot)
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