Attention all investors! This cash-positive ($800 cash at the asking price) legal duplex, plus one unit, currently set up as shared accommodation, currently generates $6,039 per month, or $71,268 annually, in gross rent, with the potential to generate $6,239 per month, or $74,868 per year. Well-maintained, this investment property features 2 hydro meters, 4 rear parking spots, a furnace installed in 2022, a tankless hot water heater from 2023, and a flat roof updated in 2022. The basement, accessible via a separate side entrance, includes coin-operated laundry and ample storage space, with potential to add a fourth rental unit. A major renovation, completed with permits, included updates to wiring (copper), plumbing (copper/ABS), windows, drywall construction, doors, and trims. The loft unit just became rented on June 1st for $1,450 per month. This smoke-free and pet-free property is an exceptional investment opportunity, ready to enhance your portfolio. (id:47421)
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Detailed Information
Bedrooms
7
Bathrooms
3
Lot
26 x 94 ft
Amenities Nearby
Hospital, Park, Public Transit
Community Features
Quiet Area
Equipment
Water Heater
Features
No Driveway, Laundry- Coin operated, No Pet Home
Listing Contract Date
2024-06-20
Location Description
west on Cannon St E, and north onto Sanford Ave N.
# of Parking Spaces
4
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Business
Business Type
Residential
Building
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Constructed Date
1889
Construction Style (Attachment)
Detached
Exterior Finish
Brick, Vinyl siding
Fire Protection
Fire alarm system, Smoke Detectors
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2.5
Type
Triplex
Utility Water
Lake/River Water Intake, Municipal water
Land
Total Size
under 1/2 acre
Amenities
Hospital, Park, Public Transit
Sewer
Municipal sewage system
Soil Type
Clay
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