Attention Investors! This is a remarkable opportunity to acquire a high-performing, income-generating fourplex in the heart of Trenton. Purpose-built for rental income, this fully occupied property features four 1-bedroom, 1-bathroom units two on the main level and two on the lower level each with its own main and secondary/emergency entrance. Every unit also enjoys a private patio space and access to a large, shared fenced yard. With utilities such as hydro and water/sewer metered separately (and gas expenses currently covered by the landlord), this property produces over $48,000 in gross annual rental income and boasts an impressive cap rate of over 6.5%. The tenant profile is strong, with several long-term residents who maintain their units with care. Unit 1 rents for $650/month plus utilities, with a tenant who has lived there for approximately 14 years. Unit 2, rented for $1,350/month plus utilities, has been occupied since July 2023 and remains in excellent condition. Unit 3, also at $650/month plus utilities, has a reliable tenant of 7 years. Unit 4, renovated in 2022 with new vinyl flooring, an upgraded kitchen, and a modern bathroom, is leased at $1,350/month plus utilities, with the current tenant having moved in as of January 1, 2025. All tenants are on month-to-month leases, offering the new owner maximum flexibility. This well-maintained and strategically designed fourplex presents a balanced and dependable investment opportunity, reducing vacancy risks while maximizing income potential. An income statement is available upon request. Visit my website for further details don't miss your chance to secure this outstanding property! (id:47421)
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Detailed Information
Bedrooms
2+2
Bathrooms
4
Lot
37.08 x 118.75 ft
Amenities Nearby
Golf Nearby, Marina
Community Features
Community Centre, School Bus
Equipment
Water Heater - Gas, Water Heater
Features
Level
Listing Contract Date
2026-01-06
Location Description
Cross Streets: Nicholas Street and Front Street. ** Directions: Nicholas Street to Front Street.
# of Parking Spaces
4
Property Type
Multi-family
Rental Equipment
Water Heater - Gas, Water Heater
Transaction Type
For sale
Zoning Description
R3
Building
Age
31 to 50 years
Appliances
Water Heater
Architectural Style
Bungalow
Basement Development
Finished
Basement Features
Walk out, Separate entrance
Basement Type
N/A (Finished), N/A
Cooling Type
None
Exterior Finish
Stucco
Fire Protection
Smoke Detectors
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1
Type
Fourplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Utilities
Type
Description
Cable
Available
Electricity
Installed
Sewer
Installed
Land
Total Size
37.1 x 118.8 FT | under 1/2 acre
Amenities
Golf Nearby, Marina
Fence Type
Fenced yard
Landscape Features
Landscaped
Sewer
Sanitary sewer
Size of Irregular Land
37.1 x 118.8 FT
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