$649,900 $3,489 est/mo Sourced by Back At You

124 Ford Street,Kingston, ON K7K 4Z6

Kingston ON, K7K 4Z6

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Description

Quality Investment Property with a ton of parking and a huge detached double car garage/workshop! This Triplex is separately metered so tenants can pay their own utilities. 2 of the 3 Units are currently rented with the owner leaving one of the 3-bedroom units vacant at the end of June to allow a new landlord to choose their own tenants and set their own rents. Property consists of 2- 3 Bedroom Units and 1-2 Bedroom Unit. The property is rented as follows: 1-3 Bedroom for $1200 month to month. 1-2 Bedroom unit rented for $850 month to month. 1-3 Bedroom Unit tenant set to move out at the end of June, New owner can set own rent. Bonus Coin operated laundry in the basement for additional income and a massive parking area behind the property that could also be used to bring in more income if you charged for parking or to use to the garage. This is an excellent investment opportunity with plenty of upside with future rent increases. With market rents would be over 7% Cap Rate. Call, text or email for more information.

Details

MLS#40593186
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Year1967
Days On Site22
Listing Provided ByRe/Max Rise Executives, Brokerage | Jason Barbosa

Features

Bed(s)8
Bath(s)3
SQ Feet2,240
Garage2
BasementY
Story(s)2
Units3
ZoningUR10
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Listings Checked: 3 minutes ago
ProvinceON
CountyFrontenac
CityKingston
Postal CodeK7K 4Z6
AreaKingston
Subarea23 Rideau
Community Name23 Rideau
Listing VS Median (in 23 Rideau)
Price:
$649,900
low | high
Med:
$524,900
69.233728265887% of Average
SqFt:
2,240
low | high
Med:
1,091
100% of Average
$ / SqFt:
$290
low | high
Med:
$481
15.826259105786% of Average
On Site:
22
low | high
Med:
71.000000
30.985915492958% of Average
Sourced by Back At You
Listing Updated: June 11, 2024 at 11:38:24 AM PDT