282 Sydenham St
Sydenham St, Inner Harbour, Kingston, ON, K7K 3M6
Quick Summary
Quick Summary
- Exceptional 7-unit investment opportunity
- Beautiful units with high ceilings
- Balconies or patios in 6 of 7 units
- Cosmetically updated for easy rentals
- Separately metered units
- Coin laundry and storage lockers
- Potential $10,000 in parking/garage income
- Projected $86,000 NOI after rent increases
Exceptional 7- Unit Investment Opportunity in the heart of Downtown Kingston, spanning both sides of the building. This is not your typical investment property. This place is Beautiful with high ceilings in most the units, balconies or patios off of 6 of the 7 units, and plenty of cosmetic updates making it very easy to rent. Lots of... Show More
Exceptional 7- Unit Investment Opportunity in the heart of Downtown Kingston, spanning both sides of the building. This is not your typical investment property. This place is Beautiful with high ceilings in most the units, balconies or patios off of 6 of the 7 units, and plenty of cosmetic updates making it very easy to rent. Lots of upside potential to increase rents as tenants turn over. All units separately metered. Including an approximate $10,000 in extra income potential that could be charged per year by renting the parking lot and 2 car garage out (built in 2013). Coin Laundry in the basement for tenants convenience as well as storage lockers for each unit. You don’t see properties this nice with such great rental potential come up too often. Projected to operate at around $86,000 NOI after rental increases in January with a potential upside fair market value of $140,000 NOI in relatively short order with tenant turnover and should you choose to optimize with parking/garage income. Email, text or call agent for more information. (id:54626)
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For Sale Nearby
Sold Nearby
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