527 Front Street Trenton, Ontario K8V 4R4
$600,000
Great condition, purpose-built FOURPLEX in Trenton. Fully occupied with mostly long-tern tenants that actually care for the property. Good revenue-generating property produces over $39,000 of gross rental income & hydro, water/sewer are metered separately. Landlord pays gas as property has one centralized natural gas furnace but 4 separate hydro & water meters. CAP RATE of over 5%. There are four units in total, 2 on main/upper level & 2 on lower. All units have their own entrances AND emergency exit doors. Each unit also has their own patio areas as well as a large, fenced yard. Unit 1 pays $650/mth +hydro & water/sewer. Tenant has been there for approx. 11yrs. 1 bd, 1bath unit in excellent condition including: hdwd flooring, dark cabinets & tile in kitchen. Unit 2 is also in great condition & tenant has been there since Sept. 2021. Tenant pays $875/month +hydro & water/sewer. Includes: fridge, stove, hdwd flooring & has 1 bd, 1 bath. Unit 3 is a lower lvl unit with 1 bd, 1 bath. Tenant has been there 4.5yrs & pays $650/mth +hydro, water/sewer. Unit has tile in living rm & kitchen. Unit 4 has just recently been renovated with brand new vinyl flooring, new bath & updated kitchen. Tenant pays $1100/mth +hydro, water/sewer & has 1 yr lease commencing Nov 1, 2022. Includes fridge & stove. Great income producing property with the benefit of excellent tenants. Income statement available upon request as well as actual expense bills available including: taxes, insurance, HWT rental & gas expenses. 24hrs minimum notice for all showings. (id:51737)
Property Details
| MLS® Number | 40348906 |
| Property Type | Multi-family |
| Amenities Near By | Airport, Golf Nearby, Hospital, Park, Playground, Schools, Shopping |
| Community Features | Community Centre |
| Equipment Type | Water Heater |
| Features | Park/reserve, Golf Course/parkland, Paved Driveway, Crushed Stone Driveway, In-law Suite |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 4 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Stucco, Vinyl Siding |
| Fire Protection | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 2500 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Airport, Golf Nearby, Hospital, Park, Playground, Schools, Shopping |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Depth | 119 Ft |
| Size Frontage | 37 Ft |
| Size Irregular | 0.158 |
| Size Total | 0.158 Ac|under 1/2 Acre |
| Size Total Text | 0.158 Ac|under 1/2 Acre |
| Zoning Description | R3 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/25060881/527-front-street-trenton
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 19 2022 07:40:29
Quinte & District Association of REALTORS® Inc.
Royal LePage Proalliance Realty, Brokerage