Property Details
82-84 WEST Street, Quinte West, Ontario, K8V2M1
Broker and Sales Representatives
RE/MAX Quinte Ltd. Brokerage* - Madoc
Tel: 613-473-9037
$579,900 - For sale
4-PLEX MULTI-RESIDENTIAL, now available to add to your investment portfolio! This property is fully tenant occupied with each unit having 2 bedrooms. Units are separately metered and tenants pay for their own water and hydro. Landlord pays property tax and insurance. Tenants pay rent month-to-month. The monthly rents are Unit 82 1/2 - $1,100; Unit 82-$675.00; Unit 84-$690.00 and Unit 84 1/2 - $500 for a total of $2,965 monthly. Gross Operating income of $35,580.00/yr. The Landlord pays approximately $300/month insurance. Net Operating Income of $29,368.07/yr. Cap Rate of 5%. Tenant parking is provided at the front of the building and there is a backyard with a patio area for Tenants to share use. The property does have a single car garage for additional storage (needs TLC). The units are a mirror image of each other with two units on the main level and 2 in the basement. One unit has wheelchair access at the front entry. 3 units have been updated in the past. Appliances are included (4 fridges, 4 stoves) AS IS. There are no washer/dryer hookups with this property. Minimum 36 hour advance notice is required for all showings. Offers welcome anytime. (id:2471)
Location DescriptionFrom Dixon Drive, turn onto West Street and proceed to #84. Look for sign.
- Property Address:82-84 WEST Street, Quinte West, Ontario, K8V2M1
- Property Type:Multi-family
- Title:Freehold
- Lot Size:0.204
- Acreage:0.204 ac|under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Water access, Highway access
- Driveway:Detached Garage
- Parking Space Total:9
- Structure Style:Fourplex
- Bedrooms:8
- Bathrooms:4
- Floor Space:1435
- Heating Type:Electric, Baseboard heaters
- Style:Detached
- Storeys:1
- Basement Type:Full (Finished)
- Foundation Type:Stone
- Cooling Type:None
- Appliances Included:Water meter
- Rental Equipment:Water Heater
- Exterior Type:Stucco
- Amenities Nearby:Golf Nearby, Hospital, Marina, Park, Place of Worship, Playground, Schools, Shopping
Broker and Sales Representatives
RE/MAX Quinte Ltd. Brokerage* - Madoc
Tel: 613-473-9037
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- Map 82-84 WEST Street, Quinte West, Ontario, K8V2M1
- Neighbourhood Information
82-84 WEST Street, Quinte West, Ontario, K8V2M1
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