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121 Station St

Station St, East Belleville, Belleville, ON, K8N 2S9

7
Beds
7
Baths
$899,900
List Price
Details
Photos
12
Comparables
History
121 Station St, Belleville, ON - 1 of 3
121 Station St, Belleville, ON - 2 of 3
121 Station St, Belleville, ON - 3 of 3
33 days on market

Quick Summary

  • Lucrative rental investment property
  • Owned by same family for over 40 years
  • Potential gross income of $96,000
  • Net income of $72,000 before financing
  • Excellent 9% capitalization rate
  • Property in excellent condition with updates
  • Mostly at market rents with upside
  • Well-kept property with reliable tenants

With Rents On The Rise, Buy-And-Hold Rental Investment Is A Shining Star In Today's Real Estate Market. Once In A Great While, We Find An Income Property Like This One. Owned By The Same Family For Over 40 Years This 6-7 Unit Property Is A Solid Moneymaker. Currently, There Are 4-1 Bedroom Units & 2 Bachelors. The 7th Is Currently The... Show More

With Rents On The Rise, Buy-And-Hold Rental Investment Is A Shining Star In Today's Real Estate Market. Once In A Great While, We Find An Income Property Like This One. Owned By The Same Family For Over 40 Years This 6-7 Unit Property Is A Solid Moneymaker. Currently, There Are 4-1 Bedroom Units & 2 Bachelors. The 7th Is Currently The Owner's Office And Could Be Rented As A Studio/Room At $800/Month. All Units Have Separate/Private Entrances (No Hallways or shared entrances). With A Potential Gross Income Of $96,000 The Property Nets Approximately $72,000 Before Financing With A Cap Of Almost 9%. The Property Is In Excellent Condition, With All Wiring and plumbing updated. 2 Units Are Newly Refreshed, and 1 has just been renovated. Mostly at market rents and with increases possible on turnovers. Great tenants who are all working folks or retirees. Very clean, well-kept property, creating worry-free cash flow. (id:54626)

Property Details

Size

Sq. Ft. Not Available
across 2 floors
7 Beds
7 Above Grade
7 Baths
7 Full

Parking

4 Parking Spaces
-

Build

Year Built
-
Model Name
-
Basement
-
Exterior
Stone
Foundation
Slab, Stone
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Baseboard heaters
Cooling
-

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Source

Listing Brokerage

MLS® Listing
X8369506
Last Updated
June 15, 2024
Brokerage
ROYAL LEPAGE PROALLIANCE REALTY
Powered by: REALTOR.ca
Call us 800-591-0566

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