Extraordinarily RARE Orleans multi-family investment. 6% CAP RATE. $1,300 MONTHLY CASH FLOW. Fully renovated, vacant, turnkey. Perfect for investors or owner-occupants looking for an income suite or multi-generational families. Steps to St Francis of Assisi Elementary School. Every surface brand new & high-end. White kitchens, quartz...
Extraordinarily RARE Orleans multi-family investment. 6% CAP RATE. $1,300 MONTHLY CASH FLOW. Fully renovated, vacant, turnkey. Perfect for investors or owner-occupants looking for an income suite or multi-generational families. Steps to St Francis of Assisi Elementary School. Every surface brand new & high-end. White kitchens, quartz counters, glass showers, walk-in closets in all 3 upstairs bedrooms. 5 Bedrooms & 3.5 Bathrooms split between 2 LEGAL separate dwelling units in a bungalow. Gross income $3,700 monthly if placed on long term leases or more on short-term rental; $44,400 annually. State of the art boiler heat & tenants pay hydro resulting in expenses adding to only $7,055; the ultimate low-expense property. NET OPERATING INCOME $37,345. Principal & interest approx. $21,730. CASH FLOW $1,301 per month. $468,360 CASH FLOW over 30yrs on current rents. Offers to be presented at 5PM January 3rd however Seller reserves the right to review and may accept pre-emptive offers.
Property Details
Size
Parking
Lot
Build
Rooms
Living room/Fireplace
14′5″ x 14′11″
Dining Rm
6′2″ x 10′6″
Kitchen
9′10″ x 10′6″
Kitchen
10′6″ x 14′11″
Living/Dining
14′5″ x 14′7″
Primary Bedrm
11′1″ x 14′5″
Ownership Details
Ownership
Taxes
Source
Listing Brokerage
For Sale Nearby
Sold Nearby
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