Karla Knows Quinte!
Call or Text
613 848 2252
121 Station Street Belleville, Ontario K8N 2S9
$899,900
With Rents On The Rise, Buy-And-Hold Rental Investment Is A Shining Star In Today's Real Estate Market. Once In A Great While, We Find An Income Property Like This One. Owned By The Same Family For Over 40 Years This 6-7 Unit Property Is A Solid Moneymaker. Currently, There Are 4-1 Bedroom Units & 2 Bachelors. The 7th Is Currently The Owner's Office And Could Be Rented As A Studio/Room At $800/Month. All Units Have Separate/Private Entrances (No Hallways or shared entrances). With A Potential Gross Income Of $96,000 The Property Nets Approximately $72,000 Before Financing With A Cap Of Almost 9%. The Property Is In Excellent Condition, With All Wiring and plumbing updated. 2 Units Are Newly Refreshed, and 1 has just been renovated. Mostly at market rents and with increases possible on turnovers. Great tenants who are all working folks or retirees. Very clean, well-kept property, creating worry-free cash flow. (id:47564)
Property Details
| MLS® Number | X8369506 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Public Transit, Schools |
| Community Features | Community Centre, School Bus |
| Parking Space Total | 4 |
Building
| Bathroom Total | 7 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Appliances | Refrigerator, Stove, Two Stoves |
| Exterior Finish | Stone |
| Foundation Type | Slab, Stone |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Irregular | 35.5 X 126.75 Ft |
| Size Total Text | 35.5 X 126.75 Ft|under 1/2 Acre |
Utilities
| Cable | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/26940129/121-station-street-belleville
Broker
(613) 707-3352
357 Front St Unit B
Belleville, Ontario K8N 2Z9
(613) 966-6060
(613) 966-2904
357 Front St Unit B
Belleville, Ontario K8N 2Z9
(613) 966-6060
(613) 966-2904
Interested?
Contact us for more information
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June 15 2024 02:55:11
Durham Region Association of REALTORS®
Royal LePage Proalliance Realty