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This 5 unit building (1 commercial and 4 residential) has been totally renovated in the last 2 years. Therefore low maintenance costs. Rents are gross as the owner pays the utilities. 5 new gas furnaces. 6 bathrooms. Commercial $1350, Upper unit 1 $1200, Upper unit 2 $1350 (vacant and available to show), Unit 3 Main floor at the back $1350 , Back upper unit 4 (loft) $1500 2 bedroom (vacant and available to show). Gross rent $81000. Expenses: Taxes $5541, utilities $7200, insurance $4000.. Net income $64259. 8% cap rate. Great for absentee landlord as there is low maintenance costs and the apts are easy yo rent out. Concrete and mason construction with wood siding. (id:24093)
Listed by William Austin of Royal LePage Action Realty

Property Details of 13 Kent Street South

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"Based on information submitted to CREA as of August 14, 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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