This is an up and down legal duplex. A double wide carport allows tenants off street parking and keeps snow and sun off their cars. Fire retrofitted. Main floor has a nice covered porch and use of the basement. Gas fireplace on main floor. Rents: Main 2 bedroom. $1800 plus hydro. Upper 1 bedroom is currently vacant but market would be $1500 plus hydro. Income $1800 and $1600. Annual $39600. Expense: Taxes (2023) $2511, Gas $1728, water $1236 and insurance $3000. Total $8475. Net income $31125. Cap rate 5.4% Good property for an investor's portfolio. Also a great opportunity to live in one unit and let the rent from the other unit help pay the mortgage. (id:11882)
This is an up and down legal duplex. A double wide carport allows tenants off street parking and keeps snow and sun off their cars. Fire retrofitted. Main floor has a nice covered porch and use of the basement. Gas fireplace on main floor. Rents: Main 2 bedroom. $1800 plus hydro. Upper 1 bedroom is currently vacant but market would be $1500 plus hydro. Income $1800 and $1600. Annual $39600. Expense: Taxes (2023) $2511, Gas $1728, water $1236 and insurance $3000. Total $8475. Net income $31125. Cap rate 5.4% Good property for an investor's portfolio. Also a great opportunity to live in one unit and let the rent from the other unit help pay the mortgage. (id:11882)
Remax is well known in our area and trusted to create buying and selling experiences that are simply better than other realtors. Over the last 10+ years we’ve established ourselves as the realty office worthy of your trust. As we continue to be the obvious choice with real estate in Barrie, we will continue to make every client we work with feel good about their buying and selling experiences with us.
