Karla Knows Quinte!
Call or Text
613 848 2252
170 College Street W Belleville, Ontario K8P 2G8
$728,000
Legal 5-plex in a great central location in Belleville. Sitting on a main bus route, close to schools, parks, shopping & the 401. This well-maintained property comprised of a large two-bedroom & 4 1-bedroom apartments. Three of which have large, partially fenced private yard areassome great features & updates in the last few years, including 5 owned HWTs. Separately metered, all tenants pay for their hydro & water, two high-efficiency natural gas furnaces(2021). The landlord pays heat. Metal roof(2020) Paved parking for 6-7 vehicles, one with recycled asphalt(2017). Most windows & Exterior doors are newer. Four of the five apartments have been updated, including the upstairs apartment in 2023. Laminate & vinyl flooring, LED lighting & newer plumbing fixtures..Keyless entry on three apartments. New tub surrounds in 2 units. Fire-rated furnace room with sprinklers for fire compliance. Some newer appliances. Most are long-term tenants. Managed by a local PM company. Turn key property with a 6.1% cap rate. **** EXTRAS **** 5 Glendale & basement (utility area) available for viewings prior to receiving an accepted offer. A great income property with a 6.1% cap rate. Electric baseboards not used. Current rent amounts still have real growth potential. (id:47564)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X8314448 |
| Property Type | Multi-family |
| Amenities Near By | Highway, Public Transit |
| Parking Space Total | 7 |
Building
| Bathroom Total | 5 |
| Appliances | Blinds, Refrigerator, Stove, Two Stoves, Window Coverings |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 0.23 Ac |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Sewer | Sanitary Sewer |
| Size Irregular | 86.33 X 124.3 Ft |
| Size Total Text | 86.33 X 124.3 Ft |
https://www.realtor.ca/real-estate/26859036/170-college-street-w-belleville
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May 14 2024 01:43:54
Durham Region Association of REALTORS®
RE/MAX Quinte Ltd.