Well built, well maintained and extensively renovated, this solid duplex offers low maintenance and a high return on your investment. Offering potential for a 9% Cap Rate this property is worth exploring. Situated on a beautiful big lot with a circular driveway in the heart of Murray River, this property offers two separate homes, each offering 3 bedrooms and one full bath. Previous tenants paid $1,812.34 for the 2nd floor unit and $2,000.00 for the main floor. Tenants pay their own utilities. Building is currently vacant allowing new owners to choose their own Tenants and secure market rents with this strong rental history. Many renovations have taken place over the past few years, including new metal roof in December 2024, Heat Pumps, Radiator & Convect Air Heaters installed, upgraded Electrical including separate panels for each unit and sub panel, 2 new 60 gallon Hot Water Tanks, all new recessed lighting and both units freshly painted. This property is ready to go and checks all the boxes for a smart investment. (id:47421)
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Detailed Information
Amenities Nearby
Park, Playground, Recreation, Marina
Equipment
None
Features
Circular Driveway
Listing Contract Date
2025-01-17
Municipal ID
1111574
Ownership Type
Freehold
Property Type
Multi-family
Rental Equipment
None
Transaction Type
For sale
Zoning
Multi-Family
Building
Appliances
Stove, Dryer, Washer, Refrigerator
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Exterior Finish
Wood shingles
Flooring Type
Laminate
Foundation Type
Poured Concrete
Heating Fuel
Electric
Heating Type
Wall Mounted Heat Pump
Stories Total
2
Type
Duplex
Utility Water
Drilled Well
Parking Spaces
Name
Spaces
Parking Space(s)
Land
Total Size
0.88
Amenities
Park, Playground, Recreation, Marina
Sewer
Septic System
Size of Irregular Land
.88
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