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$ 329,000
Est. payment | /mo
5 Beds
4 Baths
1,499 SqFt
$ 329,000
Est. payment | /mo
5 Beds
4 Baths
1,499 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,499 sqft
Price per Sqft $219
Subdivision 702 - Iroquois
MLS® Listing ID X11980207
Bedrooms 5
Originating Board Rideau - St. Lawrence Real Estate Board
Property Description
Income-Generating Triplex in Iroquois. Great Investment Opportunity! Attention investors! This soon to be fully tenanted triplex in Iroquois offers steady rental income with room for growth. Featuring three self-contained units, this property includes two main-floor apartments and one upper-level unit, all with separate utility billing for tenant-covered expenses. Unit Breakdown: Main Floor 1 Bed, 1 Bath | Recently renovated, Now rented April 1st, 2025 for $1200/month plus utilities, creating a cap rate of over 6% for the building. Main Floor 2 Bed, 1 Bath | Long-term tenant paying $400/month. Upper Level 2 Bed, 1 Bath | Long-term tenant paying $650/monthThis property boasts low-maintenance features, including vinyl and hardwood flooring, a high-efficiency natural gas furnace (2013), electric baseboard heaters in each unit, and a steel roof (2013). Other upgrades include new vinyl windows (2010-2013), ensuring improved energy efficiency. Enjoy ample parking, a spacious yard, and a double garage great for storage or additional rental potential. One long-term tenant manages lawn care and snow removal, reducing maintenance costs. While the siding could use some attention, the soffits and fascia are in good condition. Conveniently located in Iroquois, this property is a great opportunity for investors looking for a mix of stable long-term tenants and upside rental potential. Contact your realtor or myself for more details or to schedule a private viewing! (Interior pics are of recently updated Unit B, main floor 1-bedroom) (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by SUTTON ESSENTIAL REALTY
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