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Incredible! FULLY VACANT UPON CLOSING Little Italy fourplex set to achieve a 6.51% cap rate and $2,465 in a premium neighbourhood with a prevailing cap rate under 4.9%! R4 Zoning. Massive growth area! Cranes in the air everywhere, residential infill on every street, huge condo projects underway. Hardwood flooring throughout; ceramic tile kitchens, bathrooms, and showers. 4+ private surfaced parking spaces. All units sold furnished. Projected rents: Unit #1 (1 bed) $1,595; Unit 1B (1 bed) $1,645; Unit 2 (1 bed w/o living rm) $1,495; Unit 3 (1 bed) $1,595. Average $175/month laundry income. Gross income $6,505/month or $78,060/year. All expenses total $13,005. NET income $65,055. CASH FLOW after finance $29,575/year or $2,465 monthly cash flow. (id:24093)
Listed by Carley Humphries of KELLER WILLIAMS INTEGRITY REALTY

Property Details of 123 Pamilla Street

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"Based on information submitted to CREA as of May 25, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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