Investment opportunity with CAP rate of 6.5%! This cash-positive certified legal duplex generated $5,939 per month, or $71,268 gross annually in 2024. 2025 income/expense will almost be identical to 2024. This well maintained investment property features 2 hydro meters complete with two 100 amp breaker panels, 3 rear parking spots, a furnace installed in 2022(10 year transferable warranty), tankless rental hot water heater 2023, and a flat roof redone in 2022. The dry basement, offers separate side entrance, includes coin-operated laundry with average 50 per month revenue and ample storage space and optional fourth rental unit addition to boost your income/property value. A major renovation, completed with permits, included updates to copper wiring, copper plumbing, ABS drain system, windows and drywall construction. The loft unit is currently and intentionally kept vacant in case new owner wishes to live in it while renting floors below. Loft unit had been rented for 1450 for documented monthly. This smoke-free and pet-free property is an exceptional investment opportunity with a positive cash flow. Private/Self represented buyers are also welcome. (id:51532)
| Property Summary |
|---|
| Building |
|---|
| Land |
|---|
| Level | Rooms | Dimensions |
|---|---|---|
| Second level | Bedroom 4 | 4.47 m x 3.3 m |
| Bedroom 5 | 3.99 m x 2.79 m | |
| Bedroom | 3.53 m x 3.05 m | |
| Kitchen | 3.05 m x 3.05 m | |
| Third level | Family room | 4.27 m x 3.66 m |
| Kitchen | 4.11 m x 3.96 m | |
| Main level | Kitchen | 3.56 m x 2.97 m |
| Bedroom | 4.06 m x 3.96 m | |
| Bedroom 2 | 5.05 m x 3.15 m | |
| Bedroom 3 | 4.5 m x 3.66 m |
| Features | |||||
|---|---|---|---|---|---|
| Lane | In-Law Suite | No Garage | |||
| Range | Water Heater - Tankless | Water Heater | |||
| Water meter | Dryer | Microwave | |||
| Alarm System | Stove | Washer | |||
| Refrigerator | Separate entrance | Window air conditioner | |||
| Separate Electricity Meters | |||||
