Quality investment property in a fantastic location near Queen's University and St. Lawrence college. This triplex is fully rented to excellent tenants who all pay their own utilities as each unit is separately metered. Units consist of 1 - 3 bedroom unit and 2- 2 bedroom units. The property is rented as follows: 3 bedroom for $1600 per month with built in rental increases for the next two years of $1650 then $1700. 1-2 bedroom unit rented for $1600 per month. 1- 2 bedroom unit rented for $1750- brand new tenant just moved in oct 23. Bonus coin washing machine in the basement for additional income and a massive parking area behind the property that could also be used to bring in more income if you charged for parking. The building has been very well maintained. The shingles, windows and attic insulation were updated in 2012. Lower level floors done in the last two years. One of the very few investment properties listed that is operating at over 7.5% cap rate and has a lot of room to easily increase the rents and income down the road. This is an excellent investment opportunity! (id:11882)
Quality investment property in a fantastic location near Queen's University and St. Lawrence college. This triplex is fully rented to excellent tenants who all pay their own utilities as each unit is separately metered. Units consist of 1 - 3 bedroom unit and 2- 2 bedroom units. The property is rented as follows: 3 bedroom for $1600 per month with built in rental increases for the next two years of $1650 then $1700. 1-2 bedroom unit rented for $1600 per month. 1- 2 bedroom unit rented for $1750- brand new tenant just moved in oct 23. Bonus coin washing machine in the basement for additional income and a massive parking area behind the property that could also be used to bring in more income if you charged for parking. The building has been very well maintained. The shingles, windows and attic insulation were updated in 2012. Lower level floors done in the last two years. One of the very few investment properties listed that is operating at over 7.5% cap rate and has a lot of room to easily increase the rents and income down the road. This is an excellent investment opportunity! (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.