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.
Stove x2, Fridge x3, OTR Microwave x2, Microwave, Air Fryer, Coin Operated Washer & Dryer, VideoCamera Security System (As is)
Details
Property Features
Hospital, Park, Place Of Worship, Public Transit, School, School Bus Route
Security Features
Carbon Monoxide Detectors, Smoke Detector
Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Second Level
Bathroom 3
4-Piece Third Level
Basement
Separate Entrance, Full
Exterior Features
Year Round Living
Interior Features
Accessory Apartment, Countertop Range, In-Law Suite, On Demand Water Heater, Separate Hydro Meter, Storage, Storage Area Lockers, Water Heater, Water Meter