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Incredible Investment Opportunity or Owner Occupied property. This PURPOSE BUILD SIDE-BY-SIDE DUPLEX with each side containing 3 bedroom units, good sized livingrooms, in suite laundry, nearby schools and transit in a sought after renting area. Both tenants pay all utilities with rents being $1,285 & $1,220 for a total of $2,505/month, $30,060/a. When factoring in low cost mortgages and conservative annual real estate price gains, you'll instantly benefit from great ROI >20% and postive monthly cashflow. Potential additional upside in this property would be cosmetic improvements to earn even more rent. BONUS: New shingles 2018, 2 Furnaces, 2 Hydro meters, Newer Windows and doors, electrical updates completed as well. Located nearby schools, transit, shopping and other amentities, adding this property to your portfolio provides you an easily rentable property with solid a future. Buyer to verify all measures. (id:10452)
Property Details
| Property Type | Duplex |
|---|---|
| Square Feet | 3000.0000 |
| Maintenance | N/A |
| Basement | Unfinished - Full (Unfinished) |
| Kitchens | |
| Lot Dimensions | under 1/2 acre |
| Pool | N/A |
| Area | St. Thomas |
| Air Conditioning | None |
| Heating | Natural gas - Forced air |
| Exterior | Brick |
| Sewers | Sanitary sewer |
| Water | Municipal water |
Listing Office: TEAM PURPLE SQUIRREL, THE REALTY FIRM INC.
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