241 Ferland: Strategically located legal duplex, fully tenanted updated units that generate excellent cash flow ($2300 up mth to mth/$2000 down June 2024) & R4E Zoning. The property offers three beds and one bath upstairs, with 2 beds and one bath downstairs. The property has been extensively renovated and improved both inside and out with newer kitchens, updated bathrooms, insulation, witing, fixtures and far more. Located in an area that sees very high demand this could be an easy investment property to purchase and manage as you grow your real estate portfolio and increase your income over time with solid tenancies and the future appreciation in values near Beechwood. Featuring separate entrances, luxury vinyl flooring, updated kitchens and baths, recent windows, a metal roofing system and newer gas furnace. Building is a true investment property that is well priced and worth pursuing. $51,600 GOI/$43,692 NOI/Cap 7% RETURN*** Staggering 7% return on investment***** (id:47421)
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Detailed Information
Lot
39.92 x 50 ft
Amenities Nearby
Public Transit, Recreation Nearby, Shopping
Lease Type
Net
Listing Contract Date
2024-05-10
Municipal ID
042300328
# of Parking Spaces
1
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R4
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1955
Cooling Type
None
Exterior Finish
Brick
Flooring Type
Hardwood, Tile, Vinyl
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Surfaced
Land
Total Size
39.95 ft X 50.01 ft
Amenities
Public Transit, Recreation Nearby, Shopping
Current Use
Development residential
Sewer
Municipal sewage system
Size of Irregular Land
39.95 ft X 50.01 ft
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