Quick Summary
Quick Summary
- Fully licensed boarding house with 22 bedrooms
- Potential gross income of $198,620 annually
- Fully leased with option to create own rents
- Main floor has 6 bedrooms and 4 full baths
- Second floor has 8 bedrooms and 4 full baths
- Lower level has 6 bedrooms and 5 baths
- 2.5 car detached garage and parking for 4-5 cars
- Coin operated laundry generating $19,200 annually
GREAT OPPORTUNITY TO ADD A HUGE INCOME TO YOUR REAL ESTATE PORTFOLIO. THIS 22 BDRM, 15 BATH FULLY LICENSED BOARDING HOUSE HAS POTENTIAL OF $198,620 GROSS INCOME. CURRENTLY FULLY LEASED W/SOME TENANTS LEAVING, THIS CAN BE PURCHASED EITHER FULLY LEASED OR WITH SOME VACANCIES TO CREATE YOUR OWN RENTS WITH RD3.1 ZONING. MAIN FLR HAS 6 BDRMS... Show More
GREAT OPPORTUNITY TO ADD A HUGE INCOME TO YOUR REAL ESTATE PORTFOLIO. THIS 22 BDRM, 15 BATH FULLY LICENSED BOARDING HOUSE HAS POTENTIAL OF $198,620 GROSS INCOME. CURRENTLY FULLY LEASED W/SOME TENANTS LEAVING, THIS CAN BE PURCHASED EITHER FULLY LEASED OR WITH SOME VACANCIES TO CREATE YOUR OWN RENTS WITH RD3.1 ZONING. MAIN FLR HAS 6 BDRMS W/4 FULL BATHS WITH A COMMERCIAL KITCHEN. 2ND FLR HAS 8 BDRMS WITH 4 FULL BATHS. 3RD FLR IS A SELF-CONTAINED 2 BDRM, 2 BATH APARTMENT. LWR LVL HAS 6 BDRMS & 5 BATHS WITH RECENT BOARDING ROOM CERTIFICATE FROM THE CITY, IT HAS CURRENT FIRE & ELECTRICAL CERTIFICATES. THERE IS A 2.5 CAR DETACHED GARAGE & PARKING FOR 4-5 CARS. THERE IS A COIN OPERATED LAUNDRY GENERATING AN ADDITIONAL $19,200 ANNUALLY. CALL LISTING REALTORS® TO VIEW OR FOR ANY INQUIRIES. (id:54626)
Property Details
Size
Parking
Build
Heating & Cooling
Rooms
4pc Bathroom
Bathroom
Laundry room
Laundry
Eating area
Other
Living room
Living Room
Bedroom
Bedroom
2pc Bathroom
Bathroom
Ownership Details
Ownership
Book A Private Showing
For Sale Nearby
Sold Nearby
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