$599,900
About this Multi-Family Commercial
Fully renovated duplex with separate utilities and exceptional income potential. Currently vacant, offering the perfect opportunity for investors to set their own rents or for owner-occupiers looking to live in one unit while having the second unit help pay the mortgage. Unit 1 features 3 bedrooms and 1 bathroom, while Unit 2 offers 2 bedrooms + den and 1 bathroom. With projected market rents, the property is estimated to generate just under $50,000 in gross annual income and over $46,000 net income with a 7.4% Cap Rate Notable updates include new plumbing, electrical and breaker panels. One furnace replaced in 2023. Roof and majority of windows approximately 8 years old. 3 bedroom unit features two brand new exterior doors, while remaining windows,doors and roof were updated approximately 8 years ago. Turn-key opportunity with strong cash flow potential and flexibility for investors or multi-generational living. (id:14735)
Listed by Re/Max Twin City Realty Inc.
Brought to you by your friendly REALTORS® through the MLS® System and TDREB (Tillsonburg District Real Estate Board), courtesy of Brixwork for your convenience.
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Features
- Type: Multi-Family Commercial
- Size: 2,060 sqft
- $/SQFT: $291.21
