$589,900
527 Front ST Quinte West, ON K8V 4R4
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$589,900
Est. payment /mo
4 Beds
4 Baths
UPDATED:
11/05/2024 04:28 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X10408156
Style Bungalow
Bedrooms 4
Annual Tax Amount $3,454
Tax Year 2024
Property Description
Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units you greatly reduce vacancy losses due to more units bringing income. Fully Occupied with good tenants that take great care of the property. Strong monthly revenue produces over $42,000 of GROSS RENTAL INCOME. Hydro, Water/Sewer are metered separately (Landlord Pays Gas). Cap Rate Over 5.5%. Four units in total, 2 on Main & 2 on Lower. All Units have 1 Bd & 1 Bath, plus main entrances and secondary/emergency exits. Each unit also has their own patio areas plus there is a large, fenced yard that is shared. Unit 1 pays $650/Mth +Hydro & Water/Sewer. Tenant has been there approx. 13Yrs. Unit in excellent condition. Unit 2 is also in great condition & Tenant has been there since Sept. 2021. Tenant pays $875/Month +Hydro & Water/Sewer. Unit 3 has 1 Bd, 1 Bath. Tenant has been there 6.5Yrs & pays $650/Mth +Hydro, Water/Sewer. Unit 4 has was renovated 2022 with new vinyl flooring, new bath & updated kitchen. Tenant pays $1350/Mth +Hydro, Water/Sewer. Great income producing property & excellent tenants. Income statement avail upon request. Add this excellent building to your real estate investment portfolio. You wont be disappointed.
Location
Province ON
County Hastings
Zoning R3
Rooms
Family Room No
Basement Full, Finished
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Primary Bedroom - Main Floor
Cooling None
Exterior
Exterior Feature Landscaped
Garage Private
Garage Spaces 4.0
Pool None
View Clear
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Foundation Block
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Listed by ROYAL LEPAGE PROALLIANCE REALTY
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