243-245 Coleman Street Belleville ( Ontario, CA - K8P 3H8) Built

$349,800
New Price

ReMax Quinte LTD

Jason Wood Jason Wood 613 392-6594 (Office) 613 885-2848 (Cell) 613 394-3394 (Fax) Request More Info

  • Investment Property with room to grow
  • Type: Multifamily
  • Style: 2 Storey
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 2,774 sq. ft.
  • Development Level: Built
  • Lot Type: Irregular
  • Lot Size: 50ft x 63ft
  • Suite: Yes
  • Year Built: 1920 "One built in 1920 one is older"
  • Taxes: $4,092.00 (2017)
  • MLS ® #: 115104

Description

Two duplexes on one city waterfront lot. 2 detached homes comprised of a total of 4-1 bedroom apartments. Central location right downtown. Zoned C 3-5. Both have natural gas heat. One home has a forced air furnace and the other a natural gas boiler system. Some updates including shingles, flooring & front porches. Both main floor units have recently been updated including a new bath in 245A. Low turnover fully occupied and managed by Property Management company. Great location, 2-minute walk to downtown Belleville, shopping and waterfront trail. City transit right at front door. Landlord pays all utilities. Income from rents equals $3173.90. per month. $38086.80 per year. Expenses $16536.22 a year with a net operating income of $21550.58. $10,000 Renovation Allowance offered by Seller to be given to Buyer on closing for any renovations desired by new Owner. The Seller will also consider a Vendor take back mortgage if required. 24 hours notice required for all showings.

Attachments

P2#255720735
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