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527 Front St

Front StQuinte WestON, K8V 4R4

4
Beds
4
Baths
1,999 - 2,499
Sq. Ft.
$589,900
List Price
527 Front St, Quinte West, ON - 1 of 3
527 Front St, Quinte West, ON - 2 of 3
527 Front St, Quinte West, ON - 3 of 3
New
22 days on market

Quick Summary

  • Fully Occupied with good tenants
  • Strong monthly revenue of $42,000 in gross rental income
  • Excellent income-producing property with 4 units
  • Separate metering for hydro, water/sewer (landlord pays gas)
  • Cap rate over 5.5% for savvy real estate investors
  • Newly renovated unit with updated kitchen and bath
  • Large, fenced yard shared by all 4 units
  • Excellent tenants with long-term occupancy

Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units... Show More

Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units you greatly reduce vacancy losses due to more units bringing income. Fully Occupied with good tenants that take great care of the property. Strong monthly revenue produces over $42,000 of GROSS RENTAL INCOME. Hydro, Water/Sewer are metered separately (Landlord Pays Gas). Cap Rate Over 5.5%. Four units in total, 2 on Main & 2 on Lower. All Units have 1 Bd & 1 Bath, plus main entrances and secondary/emergency exits. Each unit also has their own patio areas plus there is a large, fenced yard that is shared. Unit 1 pays $650/Mth +Hydro & Water/Sewer. Tenant has been there approx. 13Yrs. Unit in excellent condition. Unit 2 is also in great condition & Tenant has been there since Sept. 2021. Tenant pays $875/Month +Hydro & Water/Sewer. Unit 3 has 1 Bd, 1 Bath. Tenant has been there 6.5Yrs & pays $650/Mth +Hydro, Water/Sewer. Unit 4 has was renovated 2022 with new vinyl flooring, new bath & updated kitchen. Tenant pays $1350/Mth +Hydro, Water/Sewer. Great income producing property & excellent tenants. Income statement avail upon request. Add this excellent building to your real estate investment portfolio. You wont be disappointed. **** EXTRAS **** Total monthly rental income - $3525. Total annual gross rental income - $42,300. Expenses approximately $9000 (see income and expenses document). Cap rate/return approximately 5.5%. Immediate possession available. (id:54626)

Property Details

Size

1,999 - 2,499 sq. ft.
across 1 floor
4 Beds
2 Above Grade - 2 Below Grade
4 Baths
4 Full

Parking

4 Parking Spaces
-

Lot

Size
445′0″ * 1425′0″
Acres
-

Build

Year Built
-
Model Name
-
Basement
Finished
Exterior
Stucco
Foundation
Block
Builder Name
-
Stories
1
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
-

Utilities

Water
Municipal water
Sewer
Sanitary sewer
SHOW LESS

Source

Listing Brokerage

MLS® Listing
X10408156
Last Updated
November 6, 2024
Brokerage
ROYAL LEPAGE PROALLIANCE REALTY
Powered by: REALTOR.ca
Call us 800-591-0566

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