$674,000
Available - For Sale
Listing ID: X12168660
91 Bridge Stre West , Belleville, K8P 1J4, Hastings
| Net income of $59,021/year and a CAP rate of 8.8%! And that was before one unit was vacated. Prospective tenants are being screened now to take occupancy at market rent for one empty unit (91A). Don't be that want-to-be-real-estate-investors who uses all 10 fingers and all 10 toes to find a reason NOT to invest. Put those digits (and your spreadsheets) to good use. Take a look at this nicely updated triplex in the heart of Belleville. The bright 1 bedroom upstairs unit is recently renovated. The two lower units have been bringing in great rental income. One turned over in September and continues to bring in market rent. Separate meters means all tenants pay their own water, sewer, heat and hydro utilities. A metal roof was added in 2017, as well as 2 new gas furnaces. More recent updates include windows, flooring, kitchens, bathroom updates, a new gas fireplace for the upstairs unit and new side decks for the lower units. Each unit has its own laundry. Even better this beautifully maintained property includes plenty of parking and is walking distance to shopping. Public transit stops here. If you've been looking for an easy, cash-flowing investment with an 8.8% CAP rate, you've found it. |
| Price | $674,000 |
| Taxes: | $3835.75 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 91 Bridge Stre West , Belleville, K8P 1J4, Hastings |
| Postal Code: | K8P 1J4 |
| Province/State: | Hastings |
| Legal Description: | PLAN 27 PT LOTS 4 AND 5 RP 21R7292 PARTS |
| Directions/Cross Streets: | Dunbar St. |
| 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 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 2900.00 |
| Total Area Code: | Square Feet |
| Approximatly Age: | 100+ |
| Washrooms: | 3 |
| Outside Storage: | F |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
| Sewers: | Sanitary |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE PROALLIANCE REALTY |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hastings |
| Municipality: | Belleville |
| Neighbourhood: | Belleville Ward |
| Approximate Age: | 100+ |
| Tax: | $3,835.75 |
| Baths: | 3 |
| Fireplace: | N |
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