ON > Quinte West
Quinte West, ON K8V 4R4,527 Front ST
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Quinte West, ON K8V 4R4,527 Front ST
Quinte West, ON K8V 4R4,527 Front ST
Quinte West, ON K8V 4R4,527 Front ST
Quinte West, ON K8V 4R4,527 Front ST
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 589,900
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527 Front ST Quinte West, ON K8V 4R4

2 Beds

4 Baths

UPDATED:

11/05/2024 04:28 PM

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

MLS Listing ID X10408156

Style Bungalow

Bedrooms 2

Annual Tax Amount $3,454

Tax Year 2024

Property Description

Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units you greatly reduce vacancy losses due to more units bringing income. Fully Occupied with good tenants that take great care of the property. Strong monthly revenue produces over $42,000 of GROSS RENTAL INCOME. Hydro, Water/Sewer are metered separately (Landlord Pays Gas). Cap Rate Over 5.5%. Four units in total, 2 on Main & 2 on Lower. All Units have 1 Bd & 1 Bath, plus main entrances and secondary/emergency exits. Each unit also has their own patio areas plus there is a large, fenced yard that is shared. Unit 1 pays $650/Mth +Hydro & Water/Sewer. Tenant has been there approx. 13Yrs. Unit in excellent condition. Unit 2 is also in great condition & Tenant has been there since Sept. 2021. Tenant pays $875/Month +Hydro & Water/Sewer. Unit 3 has 1 Bd, 1 Bath. Tenant has been there 6.5Yrs & pays $650/Mth +Hydro, Water/Sewer. Unit 4 has was renovated 2022 with new vinyl flooring, new bath & updated kitchen. Tenant pays $1350/Mth +Hydro, Water/Sewer. Great income producing property & excellent tenants. Income statement avail upon request. Add this excellent building to your real estate investment portfolio. You wont be disappointed.

Location

Province ON

County Hastings

Rooms

Family Room No

Basement Full, Finished

Kitchen 4

Separate Den/Office 2

Interior

Interior Features Primary Bedroom - Main Floor

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Landscaped

Garage Private

Garage Spaces 4.0

Pool None

Waterfront No

Waterfront Description None

View Clear

Roof Type Asphalt Shingle

Topography Level

Total Parking Spaces 4

Building

Unit Features Fenced Yard,Golf,Marina,Rec./Commun.Centre,School Bus Route

Foundation Block

Listed by ROYAL LEPAGE PROALLIANCE REALTY
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527 Front ST