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$ 2,375,000
Est. payment | /mo
12 Beds
12 Baths
$ 2,375,000
Est. payment | /mo
12 Beds
12 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 0 - 699
Subdivision 14 - Central City East
MLS® Listing ID X13778204
Bedrooms 12
Property Description
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 7 one-bedroom units and 5 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $182,600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. Financial statements and rent roll available upon request. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 3
Garage No
Private Pool No
Building
Sewer Sanitary sewer
Listed by CENTURY 21 LANDUNION REALTY INC.
Nearby Locations
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