$81,000 in Rental Income. Market Rents with 7% Cap-Rate. RENOVATED FOURPLEX on DOUBLE LOT with TONS of UPDATES. Tenants pay Heat, Hydro & Water. UPDATED Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly vetted tenants with no legacy tenants. Introducing a prime investment opportunity located at the corner of Mary and Peel: a brick 4-plex boasting an extra-large lot for potential expansion. While it may not be suitable for severance, there's room for growth, possibly transforming it into a 7-plex . Don't miss out on this investment opportunity with potential for growth and increased profitability. **** EXTRAS **** Located in a well-established neighborhood, residents benefit from proximity to local amenities such as shops, restaurants, and parks, fostering a convenient and comfortable lifestyle. (id:56069)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X11895252 |
| Property Type | Multi-family |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Size Interior | 3,207 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 64 Ft |
| Size Frontage | 92 Ft |
| Size Irregular | Unit=92 X 64 Ft |
| Size Total Text | Unit=92 X 64 Ft |
| Zoning Description | Rc |
https://www.realtor.ca/real-estate/27743030/44-mary-street-brantford
Contact us for more information
Jake Nicolle
Salesperson
(866) 530-7737
(647) 849-3180
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