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$ 649,900
Est. payment | /mo
5 Beds
5 Baths
$ 649,900
Est. payment | /mo
5 Beds
5 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Municipality Brantford
MLS Listing ID X9382489
Style 2-Storey
Bedrooms 5
Annual Tax Amount $4,236
Tax Year 2024
Property Description
Investment Opportunity: Fully Rented Turnkey Income Property! Featuring four units, two of which have been recently updated. The property boasts a respectful tenant profile and currently generates an impressive gross income of $59,004 annually from residential units alone. Additionally, there is potential income from a coin-operated washer and dryer, estimated at approximately $1,800 per year. This property also offers the opportunity to rent out a detached two-car garage with a loft area, which was previously leased for $200 per month, providing further income potential. Key Updates: Roof replacement in 2020, Garage roof/eaves updated in 2022, 2 new furnaces in 2022, On-demand hot water tank in 2023, Unit 1: Main bath shower/bathtub surround updated in 2023; macerating toilet installed in lower bathroom in 2022, Unit 2: Kitchen flooring updated in 2022, Common area flooring and paint refreshed in 2022, Main home eavestroughs replaced in 2022. The property offers convenient parking for three vehicles in the driveway, along with space for two additional vehicles in the garage. This well-maintained income property presents a solid investment opportunity with reliable cash flow and room for growth. Don't miss the chance to add this asset to your portfolio.
Location
Province ON
County Brantford
Area Brantford
Rooms
Family Room No
Basement Partially Finished
Kitchen 4
Separate Den/Office 1
Interior
Interior Features On Demand Water Heater
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 3.0
Pool None
Roof Type Asphalt Shingle
Lot Depth 67.74
Total Parking Spaces 5
Building
Foundation Brick, Stone
Listed by RE/MAX ESCARPMENT REALTY INC.
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