Investment Opportunity: Fully Rented Turnkey Income Property! Featuring four units, two of which have been recently updated. The property boasts a respectful tenant profile and currently generates an impressive gross income of $59,004 annually from residential units alone. Additionally, there is potential income from a coin-operated washer and dryer, estimated at approximately $1,800 per year. This property also offers the opportunity to rent out a detached two-car garage with a loft area, which was previously leased for $200 per month, providing further income potential. Key Updates: Roof replacement in 2020, Garage roof/eaves updated in 2022, 2 new furnaces in 2022, On-demand hot water tank in 2023, Unit 1: Main bath shower/bathtub surround updated in 2023; macerating toilet installed in lower bathroom in 2022, Unit 2: Kitchen flooring updated in 2022, Common area flooring and paint refreshed in 2022, Main home eavestroughs replaced in 2022. The property offers convenient parking for three vehicles in the driveway, along with space for two additional vehicles in the garage. This well-maintained income property presents a solid investment opportunity with reliable cash flow and room for growth. Don't miss the chance to add this asset to your portfolio. (id:4069)
| Address |
24 DUKE STREET |
| List Price |
$649,900 |
| Property Type |
Single Family |
| Type of Dwelling |
Fourplex |
| Area |
Ontario |
| Sub-Area |
Brantford |
| Bedrooms |
6 |
| Bathrooms |
5 |
| Floor Area |
2,500 Sq. Ft. |
| Lot Size |
39 x 67.7 FT Sq. Ft. |
| MLS® Number |
X9382489 |
| Listing Brokerage |
RE/MAX ESCARPMENT REALTY INC.
|
| Basement Area |
N/A (Partially finished) |
| Postal Code |
N3T3T4 |
