527 FRONT Street, Trenton, Ontario, K8V4R4
Great condition, purpose-built FOURPLEX in Trenton. Fully occupied with mostly long-tern tenants that actually care for the property. Good revenue-generating property produces over $39,000 of gross rental income & hydro, water/sewer are metered separately. Landlord pays gas as property has one centralized natural gas furnace but 4 separate hydro & water meters. CAP RATE of over 5%. There are four units in total, 2 on main/upper level & 2 on lower. All units have their own entrances AND emergency exit doors. Each unit also has their own patio areas as well as a large, fenced yard. Unit 1 pays $650/mth +hydro & water/sewer. Tenant has been there for approx. 11yrs. 1 bd, 1bath unit in excellent condition including: hdwd flooring, dark cabinets & tile in kitchen. Unit 2 is also in great condition & tenant has been there since Sept. 2021. Tenant pays $875/month +hydro & water/sewer. Includes: fridge, stove, hdwd flooring & has 1 bd, 1 bath. Unit 3 is a lower lvl unit with 1 bd, 1 bath. Tenant has been there 4.5yrs & pays $650/mth +hydro, water/sewer. Unit has tile in living rm & kitchen. Unit 4 has just recently been renovated with brand new vinyl flooring, new bath & updated kitchen. Tenant pays $1100/mth +hydro, water/sewer & has 1 yr lease commencing Nov 1, 2022. Includes fridge & stove. Great income producing property with the benefit of excellent tenants. Income statement available upon request as well as actual expense bills available including: taxes, insurance, HWT rental & gas expenses. 24hrs minimum notice for all showings. (id:2471)
- Property Address: 527 FRONT Street, Trenton, Ontario, K8V4R4
- Property Type: Multi-family
- Zoning Description: R3
- Title: Freehold
- Lot Size: 0.158
- Acreage: 0.158 ac|under 1/2 acre
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Access: Road access
- Total Parking Spaces: 4
- Amenities Nearby: Airport, Golf Nearby, Hospital, Park, Playground, Schools, Shopping
- Structure Style: Fourplex
- Style: Detached
- Storeys: 1
- Floor Space: 2500
- Bedrooms: 4
- Bathrooms: 4-Total
- Basement Type: Full (Finished)
- Heating Type: Natural gas, Forced air
- Cooling: None
- Exterior Type: Stucco, Vinyl siding
- Golf course/parkland
- Paved driveway
- Crushed stone driveway
- In-Law Suite
- Community Centre
Listing Offices: Royal LePage ProAlliance Realty, Brokerage
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