82-84 WEST Street, Quinte West, Ontario, K8V2M1
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. 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:2471)
- Property Address: 82-84 WEST Street, Quinte West, Ontario, K8V2M1
- Property Type: Multi-family
- Zoning Description: R3
- Title: Freehold
- Lot Size: 0.204
- Acreage: 0.204 ac|under 1/2 acre
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Access: Water access, Highway access
- Driveway: Detached Garage
- Total Parking Spaces: 9
- Amenities Nearby: Golf Nearby, Hospital, Marina, Park, Place of Worship, Playground, Schools, Shopping
- Structure Style: Fourplex
- Style: Detached
- Storeys: 1
- Floor Space: 1435
- Bedrooms: 8
- Bathrooms: 4-Total
- Basement Type: Full (Finished)
- Heating Type: Electric, Baseboard heaters
- Cooling: None
- Exterior Type: Stucco
- Foundation Type: Stone
- Appliances Included: Water meter
- Golf course/parkland
- Crushed stone driveway
Listing Office: Exit Realty Group, Brokerage
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