220 Albert St

LEGAL TRIPLEX !!!This solid 2.5 story brick building with great appeal is housing three vacant residential units ( 3 brs, 2 brs and large one bedroom) and provides an opportunity to set up your own rents and choice of your own tenants as well as it does allow any necessary renovations or upgrades to increase the rental potential. Ample parking is a magnificent advantage, especially so close to City core. This feature can make your property more attractive to potential renters. With the units vacant, you can have the flexibility to adjust the rents to current market rates potentially increasing your revenue. You can also implement rental policies that will align with your management style and goals. Vacant units will allow you to analyze the local rental market to determine competitive rental rates and what features the tenants in the area value the most. This way you can implement a thorough tenant screening process to ensure you select reliable and responsible tenants. This property has a strong potential, especially with its solid construction and parking viability. With the right approach, it can be a profitable investment ensuring the rental income will cover your expenses and will provide a reasonable return on the investment. You will have time to decide if you will manage the property yourself or hire a professional property management company that can save time and ensure the property is maintained properly. and take steps to maximize the property potential. Separate water and hydro meters.Take advantage of this unique opportunity. Call your REALTOR® today to view it and to make an offer on it before it is gone. (id:54626)