Property Information:
Strong income and modern construction come together in this fully rented three-unit building built in 2024. With newer construction and minimal maintenance expected for years to come, this property offers a solid addition to any investment portfolio. All three units are rented at $1,800 per month with tenants paying their own utilities, providing stable income and a strong cap rate. Tenants are on one-year leases, offering reliability while still allowing flexibility to increase rents this year as market conditions allow. Each unit features two bedrooms, an open-concept kitchen and living area, private balcony, and the convenience of in-unit laundry with washer and dryer. The property also offers off-street parking for six vehicles, an important feature for tenants and long-term rental appeal. For buyers looking to enter the market, this property also provides the option of owner-occupied investing, allowing you to live in one unit while the others generate income. With strong rental demand and zero vacancy, this is a solid turn-key opportunity. Conveniently located close to shopping, restaurants, public transit, and quick highway access for commuting. (id:27)
Building Features:
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Style:
Multiplex
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Building Type:
Triplex
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Basement Type:
None
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Exterior Finish:
Vinyl
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Floor Space:
3100 sqft
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Flooring Type:
Laminate
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Foundation Type:
Concrete
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Total Finished Area:
3100 sqft
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Heating Type:
Baseboard heaters
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Heating Fuel:
Electric
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Appliances:
Refrigerator, Stove, Washer, Dishwasher, Dryer
