LOADING

527 Front Street Quinte West, Ontario K8V 4R4

4 Bedroom 4 Bathroom 1999.983 - 2499.9795 sqft
Bungalow Forced Air Landscaped

$589,900

Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units you greatly reduce vacancy losses due to more units bringing income. Fully Occupied with good tenants that take great care of the property. Strong monthly revenue produces over $42,000 of GROSS RENTAL INCOME. Hydro, Water/Sewer are metered separately (Landlord Pays Gas). Cap Rate Over 5.5%. Four units in total, 2 on Main & 2 on Lower. All Units have 1 Bd & 1 Bath, plus main entrances and secondary/emergency exits. Each unit also has their own patio areas plus there is a large, fenced yard that is shared. Unit 1 pays $650/Mth +Hydro & Water/Sewer. Tenant has been there approx. 13Yrs. Unit in excellent condition. Unit 2 is also in great condition & Tenant has been there since Sept. 2021. Tenant pays $875/Month +Hydro & Water/Sewer. Unit 3 has 1 Bd, 1 Bath. Tenant has been there 6.5Yrs & pays $650/Mth +Hydro, Water/Sewer. Unit 4 has was renovated 2022 with new vinyl flooring, new bath & updated kitchen. Tenant pays $1350/Mth +Hydro, Water/Sewer. Great income producing property & excellent tenants. Income statement avail upon request. Add this excellent building to your real estate investment portfolio. You wont be disappointed. Visit my website for further information about this Listing. **** EXTRAS **** Total monthly rental income - $3525. Total annual gross rental income - $42,300. Expenses approximately $9000 (see income and expenses document). Cap rate/return approximately 5.5%. Immediate possession available. (id:57957)

Property Details

MLS® Number X10408156
Property Type Single Family
AmenitiesNearBy Marina
CommunityFeatures Community Centre, School Bus
Features Level
ParkingSpaceTotal 4

Building

BathroomTotal 4
BedroomsAboveGround 2
BedroomsBelowGround 2
BedroomsTotal 4
ArchitecturalStyle Bungalow
BasementDevelopment Finished
BasementType Full (finished)
ExteriorFinish Stucco
FoundationType Block
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 1
SizeInterior 1999.983 - 2499.9795 Sqft
Type Fourplex
UtilityWater Municipal Water

Land

Acreage No
FenceType Fenced Yard
LandAmenities Marina
LandscapeFeatures Landscaped
Sewer Sanitary Sewer
SizeDepth 118 Ft ,9 In
SizeFrontage 37 Ft ,1 In
SizeIrregular 37.1 X 118.8 Ft
SizeTotalText 37.1 X 118.8 Ft|under 1/2 Acre
ZoningDescription R3

Utilities

Sewer Installed

https://www.realtor.ca/real-estate/27618049/527-front-street-quinte-west

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Jason Ballas
Salesperson


Royal LePage Proalliance Realty
253 Dundas St E Unit B
Trenton, Ontario K8V 1M1

Rochelle Ballas
Salesperson


Royal LePage Proalliance Realty
253 Dundas St E Unit B
Trenton, Ontario K8V 1M1

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