69 King St E

Whether you're a seasoned investor, homeowner or new to the market, this is a fantastic opportunity to own a renovated property that offers flexibility and immediate rental income of $5200/month with opportunity to increase future earnings to at least $7500/month-This all-brick nicely maintained 3000 sq ft legal conforming rooming house, features 6 individual rooms + 3 larger apts-Multiple possibilities if a new owner would like to change its use, however the great tenants would like to remain-Bsmt unit has its own bath & living, dining/kitchen area & will be vacant in late spring-Other 8 units share 2 renovated 3 pc baths-Over $80,000 spent in recent renovations, including updated flooring in common areas, plumbing, electrical, 2 bathroom renovations, new treads on main staircase, freshly painted and new 4 camera wi-fi enabled security system so you can monitor the building from anywhere in the world! Building has passed recent City of Brockville Fire Inspection-Other updates include: Newer shingles, new windows app 2010, maintenance-free vinyl siding, soffit & fascia-breaker panels with copper wiring, natural gas furnace & natural gas hwt 2018-Large storage bsmt easily converted to common recreation room-Steel fire escape-Currently no residents of building use 2 rear parking spaces-Municipal 2 hr on-street parking-New on-site property manager would like to remain-Tenants help pay utilities & most have up-to-date signed leases-Located in downtown core walking distance to mighty St. Lawrence & all amenities incl downtown shopping, restaurants, coffee shops, CIBC, grocery store & more-Easy access to municipal bus-Located in a beautiful area opposite a lovely church-Cash cow property produces a great return! (id:54626)