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527 FRONT STREET
Quinte West Ontario , K8V4R4 , Canada
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Jason Ballas
Agent
Sales Representative
Phone: 613.394.4837

Royal LePage ProAlliance Realty
Brokerage:
253 DUNDAS STREET EAST
Trenton, ON
K8V 1M1
Phone: 613.394.4837
Fax: 613.394.2897
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Rochelle Ballas
Agent Photo
Sales Representative
Phone: 613.394.4837

Brokerage:
Royal LePage ProAlliance Realty
253 DUNDAS STREET EAST
Trenton, ON
K8V 1M1
Phone: 613.394.4837
Fax: 613.394.2897
$599,900.00
MLS® X9032093
House : Single Family Dwelling
Lot Frontage: 37.1 Feet
Lot Depth: 118.8 Feet
Lot Size: 37.1 x 118.8 FT
No. of Parking Spaces: 4
Total Bedrooms: 2+2
Total Bathrooms: 4
Zoning: R3
Remarks:
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. **** EXTRAS **** Total monthly rental income - $3525. Total annual gross rental income - $42,300. Expenses approximately $9000 (see income and expenses document). Cap rate/return approximately 5.5%. Immediate possession available. (id:7525)

Property Features:
  • Amenities Nearby: Marina
  • Community Features: Community Centre , School Bus
  • Fence Type: Fenced yard
  • Property Type: Single Family
  • Sewer: Sanitary sewer
  • Utility Type: Sewer - Installed
Building Features:
  • Architectural Style: Bungalow
  • Basement Development: Finished
  • Basement Type: Full
  • Building Type: Fourplex
  • Exterior Finish: Stucco
  • Foundation Type: Block
  • Heating Fuel: Natural gas
  • Heating Type: Forced air

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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