**Updated Income and Expenses Available** Net income of $63,221/year and a CAP rate of 9.4%! This triplex boasts a new crop of A+ tenants all paying market rent and their own utilities. Don't be that want-to-be-real-estate-investors who uses all 10 fingers and all 10 toes to find a reason NOT to invest. Put those digits (and your spreadsheets) to good use. Take a look at this nicely updated triplex in the heart of Belleville. The bright 1 bedroom upstairs unit is recently renovated. The two lower units have been bringing in great rental income. One was just refreshed with new paint and flooring throughout. Separate meters means all tenants pay their own water, sewer, heat and hydro utilities. A metal roof was added in 2017, as well as 2 new gas furnaces. More recent updates include windows, flooring, kitchens, bathroom updates, a new gas fireplace for the upstairs unit and new side decks for the lower units. Each unit has its own laundry. Even better this beautifully maintained property includes plenty of parking and is walking distance to shopping. Public transit stops here. If you've been looking for an easy, cash-flowing investment with a 9.4% CAP rate, you've found it.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
100+
Total Area:
2900 sq. ft. Square Feet
Total Area:
2,900 sq. ft.269 m2
Lot Depth:
108'11"33.2 m
Lot Frontage:
52'15.8 m
Bedrooms:
7
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Zoning:
R2
Heating type:
Gas Forced Air Open
Garage:
None
Parking Spaces:
5
Possession Details:
Immediate
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$3,835.75 /
2024
Assessment:
$- /
-
Hastings
Belleville
Belleville Ward
Refrigerators (3), Stove (3), Washer (3), Dryers (3), Hot water Tank- Owned (3), Portable air conditioner in upstairs unit
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