SOLD $ 899,900.00
- Post Updated: 2022-03-25 14:16:07
- Bedrooms: 8
- Bathrooms: 4
- Floors: 2
- Area: 3630 sq ft
- Status: SOLD
- Type: Multi-Unit
Description
An excellent purpose-built FOURPLEX in a gorgeous location in Brantford, facing Bellview Park and the Grand River, with 4 LARGE-SIZED 2-bedroom units and SEPARATELY METERED hydro (paid by the tenants), along with stoves and fridges (owned), and a LARGE vacant basement. Well-maintained, brick-to-roof, newer plumbing and electrical, steady income, and good UPSIDE on current rents. This profitable investment property generates $55,347.60 in gross revenue, with minimal expenses of $10,672.23 (2021: property tax, insurance, water, hot water tanks rental, and hydro for main areas), producing a solid net operating income of $44,675.37 annually, with a significant potential INCREASE based on market rents! Notice is required for showings, so please call ahead to secure your viewing.
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