Lets talk about this versatile property, suitable for owners or investors alike. This is a fully detached building that includes BOTH halves of semi-detached units under one ownership. This property represents tremendous value as either a single-family home or as investment property. It allows you several options. OPTION 1. Live in one side and let the other unit help pay your mortgage. OPTION 2. Live in one side & have a family member reside next door in the other semi-detached unit. OPTION 3. Open up a dividing wall and live in the entire building. OPTION 4. Purchase as an investment property bringing you $43,200 of Gross Rental Income & a 8.71% CAP RATE. AMAZING RETURN ON INVESTMENT. Brick & stucco side-by-side dwellings. One unit fully occupied & the other unit recently empty. Ready for the next owner to choose their occupancy options or investors can pick their own tenant & set their own rents. No need to assume tenancies with rents far too low, this multi-residential home can provide positive cash flow right away. Both units metered separately for: gas, hydro & water/sewer. Unit A is a 2 bed, 1 bath, 2sty unit with tenant paying $1600/mth ++. Tenant has been in place since Dec. 2023 & has a 1yr lease. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is vacant & ready for the open market. This bungalow layout has 2 bdrms, 1 bath, formal living rm & dining rms, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: hdwd flooring, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Affordable place to call home, or great addition to your investment portfolio. Gross rental income $43,000. Expenses $4008.26. Net Operating Income $39,191.74. Financial numbers available, showing income and expenses. Gross annual rent is calculated based on a projected monthly rent for the vacant unit of $2000++.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Single Family Residential
Region
Hastings County
Parking Spaces
—
Basement
—
Accessible
—
Maintenance Fees
—
Garage
—
Features
—
Last updated by owner on Aug 9, 2023.
Property details
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Single Family Residential
Year Built: —
Year Renovated: —
Region: Hastings County
Home facts updated by public records on Aug 9, 2023
Around this home
Schools
0.3km
St Mary Catholic School
Public, JK-6 • Assigned
2.3km
Trenton High School
Public, 9-12 • Assigned
Provided by Local Logic
Lifestyle
Provided by Walk Score and Local Logic
Is this your home?
Track this home’s value and nearby sales activity
Nearby similar homes
Sorry, we don't have any nearby similar homes to display. See all homes for sale in K8V