85 Park Avenue Brantford, Ontario N3S 5H4
$1,000,000
This legal 4-plex is a fantastic investment opportunity! Occupied will operate at an 8% cap rate! Featuring four spacious 2-bedroom units, each offering ample living space. With all units currently vacant, investors have the unique advantage of selecting their own tenants and renting at market rates. Additionally, this property is perfect for an owner-occupant, allowing you to live in one unit while generating income from the others, effectively covering your living expenses and enjoying cost free living! All units are separately metered for hydro allowing for minimal expenses to the property owner and very strong cashflow. This is a great opportunity for investors and aspiring home owners. Can be sold vacant or can fill units with people on waiting list. (id:29966)
Property Details
| MLS® Number | 40640971 |
| Property Type | Multi-family |
| Parking Space Total | 1 |
Building
| Bedrooms Total | 8 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Stories Total | 3 |
| Size Interior | 3012 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 109 Ft |
| Size Frontage | 33 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rc |
https://www.realtor.ca/real-estate/27458195/85-park-avenue-brantford
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October 10 2024 08:03:35
Brantford Regional Real Estate Assn Inc
Royal LePage Brant Realty