Turn-Key, Cash Flow Positive Multiplex in Lansdale! Attention savvy investors: 480 King William St is the perfect blend of strong income potential and a prime location. This legal triplex with a non-conforming fourth unit operates as four self-contained rental units and boasts impressive features to attract tenants and maximize returns. The unit mix includes a vacant 1-bedroom in the basement, a tenanted 1-bedroom on the main floor (with one parking space included), a vacant 2-bedroom on the second floor, and a tenanted 1-bedroom in the attic. The property has the potential to generate over 75,000 in annual gross rental income, with all units featuring separate metering, ensuring tenants pay their own hydro, boosting the bottom line for an incoming buyer. Recent upgrades to the stairs at the rear of the property, as well as the fencing in the back and roof (reshingled 2022). Stainless steel appliances are featured in all but the basement unit, ensuring modern appeal for tenants and reducing turnover. With six parking spaces, an in-suite laundry, and a centralized location, the property offers unmatched convenience for tenants. Located in the vibrant Lansdale neighbourhood, the property is close to schools and steps from transit and the future LRT. Whether you're expanding your portfolio or looking for a new low-maintenance investment with long-term upside potential, 480 King William is what you've been waiting for. (id:47421)
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Detailed Information
Bedrooms
4+1
Bathrooms
4
Lot
28.58 x 108.5 ft
Amenities Nearby
Public Transit, Schools
Equipment
None
Features
Lane, Carpet Free
Listing Contract Date
2024-12-13
Location Description
403 To Main St West Exit, East to Wentworth St S, South on Wentworth St S, West (Right) on King St E, North on Ashley, east on King William, parking out front and in rear laneway
# of Parking Spaces
6
Property Type
Single Family
Rental Equipment
None
Structures
Porch, Deck
Transaction Type
For sale
Zoning Description
R1A
Building
Amenities
Separate Electricity Meters
Appliances
Water Heater, Dishwasher, Dryer, Hood Fan, Range, Refrigerator, Stove, Washer
Basement Development
Finished
Basement Features
Apartment in basement, Walk out
Basement Type
N/A (Finished)
Cooling Type
Central air conditioning
Exterior Finish
Brick, Vinyl siding
Fire Protection
Smoke Detectors
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2.5
Type
Fourplex
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bathroom
Second level
2.16 m x 1.99 m
Primary Bedroom
Second level
3.07 m x 3.16 m
Bedroom 2
Second level
3.05 m x 2.99 m
Kitchen
Second level
2.88 m x 4.11 m
Bathroom
Third level
1.4 m x 2.5 m
Primary Bedroom
Third level
3.48 m x 4.1 m
Bathroom
Basement
2.53 m x 1.5 m
Primary Bedroom
Basement
2.78 m x 4.65 m
Bathroom
Main level
2.01 m x 3.052 m
Primary Bedroom
Main level
2.98 m x 4.85 m
Kitchen
Main level
3.04 m x 5.42 m
Living room
Main level
3.04 m x 4.35 m
Land
Total Size
28.6 x 108.5 FT
Amenities
Public Transit, Schools
Sewer
Sanitary sewer
Size of Irregular Land
28.6 x 108.5 FT
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