Here’s a great opportunity for investors looking for a duplex or those looking to offset their own mortgage. This property features two units: the upper unit, a cozy 1-bedroom with rental potential of $1,150/month, and the main level unit, a spacious 2-bedroom that could rent for $1,600/month. Recent updates include a new roof and eavestroughs (2024), a modernized main level bathroom, and a newly insulated back addition with updated siding. The fenced backyard with a new deck offers privacy, making it attractive to tenants or an owner-occupier. With no current tenants, the property is ready for immediate occupancy or rental, with a potential gross income of $2,750/month. However, after September, the seller plans to start actively seeking tenants for the units, so this is an ideal time for buyers who want the flexibility of managing the property themselves. Don’t miss this chance to invest in Smiths Falls with strong rental potential! (id:47421)
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Detailed Information
Lot
31 x 77 ft
Lease Type
Net
Listing Contract Date
2024-09-17
Municipal ID
052710098
# of Parking Spaces
2
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R3
Building
Basement Development
Unfinished
Basement Type
Cellar (Unfinished)
Cooling Type
None
Exterior Finish
Brick, Vinyl
Flooring Type
Carpeted, Laminate, Tile
Foundation Type
Stone
Heating Fuel
Electric, Natural gas
Heating Type
Baseboard heaters, Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
None
Land
Total Size
31 ft X 77 ft
Fence Type
Fenced yard
Sewer
Municipal sewage system
Size of Irregular Land
31 ft X 77 ft
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