We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
527 FRONT STREET, QUINTE WEST
2024-07-10
Quick Summary
- Location
- 527 FRONT STREET, QUINTE WEST, Ontario K8V4R4
- Price
- $599,900
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 1999ft2
- Bedrooms:
- 2 bed +2
- Bathrooms:
- 4
MLS®#X9032093
Property Description
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:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Marina
Building
- Architectural Style: Bungalow
- Basement Development: Finished
- Basement Features: Walk out
- Basement Type: Full (Finished)
- Exterior Finish: Stucco
- Fireplace: No
- Interior Size: 1999.983 - 2499.9795 sqft
- Building Type: Fourplex
- Stories: 1
- Utility Water: Municipal water
Land
- Land Size: 37.1 x 118.8 FT|under 1/2 acre
- Sewer: Sanitary sewer
Zoning
- Description: R3
Information entered by ROYAL LEPAGE PROALLIANCE REALTY
Listing information last updated on: 2024-09-17 00:54:19
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
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One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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Micheal Carstensen Real Estate Salesperson & Mortgage Agent
- Phone:
- 4167074300
- Email:
- micheal@onepercentrealty.com
- Support Area:
- TORONTO, OSHAWA, BOWMANVILLE, COURTICE, NEWCASTLE, PORT HOPE, COBOURG, COLBORNE, BRIGHTON, QUINTE WEST, BELLEVILLE, PETERBOROUGH, MILLBROOK, LINDSAY, PORT PERRY, BROOKLIN, UXBRIDGE, KESWICK, BARRIE, ORILLIA, BEAVERTON, FENELON FALLS, BOBCAYGEON, LAKEFIELD, KAWARTHA, ORONO
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