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121 Station Street Belleville, Ontario K8N 2S9

7 Bedroom 7 Bathroom
Baseboard Heaters

$899,900

With Rents On The Rise, Buy-And-Hold Rental Investment Is A Shining Star In Today's Real Estate Market. Once In A Great While, We Find An Income Property Like This One. Owned By The Same Family For Over 40 Years This 6-7 Unit Property Is A Solid Moneymaker. Currently, There Are 4-1 Bedroom Units & 2 Bachelors. The 7th Is Currently The Owner's Office And Could Be Rented As A Studio/Room At $800/Month. All Units Have Separate/Private Entrances (No Hallways or shared entrances). With A Potential Gross Income Of $96,000 The Property Nets Approximately $72,000 Before Financing With A Cap Of Almost 9%. The Property Is In Excellent Condition, With All Wiring and plumbing updated. 2 Units Are Newly Refreshed, and 1 has just been renovated. Mostly at market rents and with increases possible on turnovers. Great tenants who are all working folks or retirees. Very clean, well-kept property, creating worry-free cash flow. (id:57957)

Property Details

MLS® Number X8369506
Property Type Multi-family
Amenities Near By Hospital, Park, Public Transit, Schools
Community Features Community Centre, School Bus
Parking Space Total 4

Building

Bathroom Total 7
Bedrooms Above Ground 7
Bedrooms Total 7
Appliances Refrigerator, Stove, Two Stoves
Exterior Finish Stone
Foundation Type Slab, Stone
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Type Other
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital, Park, Public Transit, Schools
Sewer Sanitary Sewer
Size Irregular 35.5 X 126.75 Ft
Size Total Text 35.5 X 126.75 Ft|under 1/2 Acre

Utilities

Sewer Installed
Cable Installed

https://www.realtor.ca/real-estate/26940129/121-station-street-belleville

Interested?

Contact us for more information


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Joey Rufo
Broker

(613) 707-3352

Royal LePage Proalliance Realty
357 Front St Unit B
Belleville, Ontario K8N 2Z9

(613) 966-6060
(613) 966-2904

Doug Peterson
Salesperson

(613) 966-6060
(613) 707-3352
www.ruforealestate.ca/

Royal LePage Proalliance Realty
357 Front St Unit B
Belleville, Ontario K8N 2Z9

(613) 966-6060
(613) 966-2904

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