82-84 West Street Quinte West, Ontario K8V 2M1
$579,900
4-PLEX MULTI-RESIDENTIAL, now available to add to your investment portfolio! This property is fully tenant occupied with each unit having 2 bedrooms. Units are separately metered and tenants pay for their own water and hydro. Landlord pays property tax and insurance. Tenants pay rent month-to-month. The monthly rents are Unit 82 1/2 - $1,100; Unit 82-$675.00; Unit 84-$690.00 and Unit 84 1/2 - $500 for a total of $2,965 monthly. Gross Operating income of $35,580.00/yr. The Landlord pays approximately $300/month insurance. Net Operating Income of $29,368.07/yr. Cap Rate of 5%. Tenant parking is provided at the front of the building and there is a backyard with a patio area for Tenants to share use. The property does have a single car garage for additional storage (needs TLC). The units are a mirror image of each other with two units on the main level and 2 in the basement. One unit has wheelchair access at the front entry. 3 units have been updated in the past. Appliances are included (4 fridges, 4 stoves) AS IS. There are no washer/dryer hookups with this property. Minimum 36 hour advance notice is required for all showings. Offers welcome anytime. (id:51737)
Property Details
| MLS® Number | 40354900 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Schools, Shopping |
| Communication Type | High Speed Internet |
| Equipment Type | Water Heater |
| Features | Park/reserve, Golf Course/parkland, Crushed Stone Driveway |
| Parking Space Total | 9 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 8 |
| Appliances | Water Meter |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Stucco |
| Fire Protection | Smoke Detectors |
| Fixture | Ceiling Fans |
| Foundation Type | Stone |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 1 |
| Size Interior | 1435 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Water Access, Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Marina, Park, Place Of Worship, Playground, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 71 Ft |
| Size Irregular | 0.204 |
| Size Total | 0.204 Ac|under 1/2 Acre |
| Size Total Text | 0.204 Ac|under 1/2 Acre |
| Zoning Description | R3 |
Utilities
| Electricity | Available |
https://www.realtor.ca/real-estate/25108315/82-84-west-street-quinte-west
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December 02 2022 03:00:36
Quinte & District Association of REALTORS® Inc.
Exit Realty Group, Brokerage