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Attention Investors! Location, Location, Location! High traffic area literally steps to the University and City Hall. Extensively renovated in and out- this 3 unit building is turn key, ample parking, tons of updates (Windows, doors, flooring, bathrooms, exterior Vinyl Siding just completed (strapped and insulated). Unit #1 is 2 beds, 2 baths-projected rent $1000 mth + water, gas for HWT and HWT rental. Unit #2 is a 4 bed, 1 bath projected rent $1400 mth + water, gas for HWT and HWT rental it's a large unit with refinished hardwood flooring, ceramics, deck off the kitchen. Unit #3- is a 2 bedroom, 1 bath occupied at $835 mth + water. Shared Coin-operated laundry. Building generates a projected gross income of approximately $39,780 - Expenses approximately $10,964.77 (taxes, insurance, heat, hydro and rental of two Hot Water Tanks), providing a projected net income of $28,815.23. Retrofit has been completed. Great opportunity to situate in rapidly expanding University district and Brantford's growing investment market. Pick your own tenants set your own rents or move in a unit and let the others help pay the mortgage.... Take advantage of Brantford's low vacancy rates and high rental market. (id:10452)
Property Details
| Property Type | Triplex |
|---|---|
| Architectural Style | 2 Level, Multi-Unit |
| Square Feet | 2865 sqft |
| Maintenance | N/A |
| Basement | Partially finished - Full (Partially finished) |
| Kitchens | |
| Lot Dimensions | under 1/2 acre |
| Pool | N/A |
| Area | Brantford |
| Air Conditioning | None |
| Heating | Natural gas - Radiant heat |
| Exterior | Other, Vinyl siding |
| Parking Spaces | 8 |
| Parking Type | Gravel,No Garage |
| Sewers | Municipal sewage system |
| Water | Municipal water |
Listing Office: Royal Lepage Action Realty
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