$2,149,000
Available - For Sale
Listing ID: X12715638
28 McColl Street , Quinte West, K8V 5L3, Hastings
| Great Investment Opportunity in Trenton. Two Well-Maintained 6-Plexes Offered Together on Trenton's West Side. Two 6-plex buildings consisting of 28 McColl Street (Roll #120403005013300, PIN 403780012, Property tax $7542, Lot 57.14x113.92x93.73x28.37x42.27 feet) and 188 Henry Street (Roll #120403005013600, PIN 403780011, Property tax $6781, Lot 56.46x112.92x64.53x60.18x11.16x42.27 Feet). These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller's preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with five units that have been renovated. Numerous capital improvements have been completed in recent years, including windows and roofing. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds available for additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential. |
| Price | $2,149,000 |
| Taxes: | $14323.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 28 McColl Street , Quinte West, K8V 5L3, Hastings |
| Postal Code: | K8V 5L3 |
| Province/State: | Hastings |
| Legal Description: | PT 1 21R1738; T/W QR585400; QUINTE WEST |
| Directions/Cross Streets: | Dundas/McColl |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 0 | |
| Washroom Type 32 | 0 | |
| Washroom Type 33 | 0 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 | |
| Washroom Type 36 | 0 | |
| Washroom Type 37 | 0 | |
| Washroom Type 38 | 0 | |
| Washroom Type 39 | 0 | |
| Washroom Type 40 | 0 | |
| Washroom Type 41 | 0 | |
| Washroom Type 42 | 0 | |
| Washroom Type 43 | 0 | |
| Washroom Type 44 | 0 | |
| Washroom Type 45 | 0 | |
| Washroom Type 46 | 0 | |
| Washroom Type 47 | 0 | |
| Washroom Type 48 | 0 | |
| Washroom Type 49 | 0 | |
| Washroom Type 50 | 0 | |
| Washroom Type 51 | 0 | |
| Washroom Type 52 | 0 | |
| Washroom Type 53 | 0 | |
| Washroom Type 54 | 0 | |
| Washroom Type 55 | 0 | |
| Washroom Type 56 | 0 | |
| Washroom Type 57 | 0 | |
| Washroom Type 58 | 0 | |
| Washroom Type 59 | 0 | |
| Washroom Type 60 | 0 | |
| Washroom Type 61 | 0 | |
| Washroom Type 62 | 0 | |
| Washroom Type 63 | 0 | |
| Washroom Type 64 | 0 | |
| Washroom Type 65 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 11347.00 |
| Total Area Code: | Square Feet |
| Financial Statement: | T |
| Franchise: | F |
| Washrooms: | 12 |
| Outside Storage: | T |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
| Sewers: | Sanitary+Storm |
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| RE/MAX REALTRON REALTY INC. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Quinte West |
| Neighbourhood: | Trenton Ward |
| Tax: | $14,323 |
| Baths: | 12 |
| Fireplace: | N |
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