Exceptional Fourplex Investment Opportunity with a Strong 7% Cap Rate at Entry!Located just outside of Brockville, this recently renovated 4-unit property presents an excellent investment opportunity. Two units are currently leased at market rent, while the other two are vacant and ready for immediate leasing. The unit mix includes two spacious three-bedroom units and two large two-bedroom units, split between upper and lower levels.Each unit has been thoughtfully renovated, featuring new flooring, modern kitchens, updated bathrooms, and fresh touch-ups throughout. Significant capital improvements have been made, including brand-new windows, upgraded baseboard electric heating systems, and new siding being installed on the rear of the building this spring. Additionally, two decks and fire escapes have been replaced, and the property boasts a durable 10-year-old metal roof.With an estimated 6-7% cash-on-cash return in the first year, this property offers a fantastic opportunity for both owner-operators looking to reduce living costs and investors seeking a turnkey rental operation. Dont miss out on this prime investment opportunity! (id:4069)
Address
20 MAIN STREET W
List Price
$950,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Ontario
Sub-Area
Elizabethtown Kitley
Floor Area
3,000 Sq. Ft.
MLS® Number
X11899765
Listing Brokerage
EXP REALTY
Postal Code
K0E1M0
Zoning
Multiplex
