Approx. going-in cap rate of 6.2% @ $137k/unit. 4x 1-bedroom units, approx. 700 sqft each. An add-value investors ideal next project. Approx. 31% lift on overall rent roll once stabilized. Hydro is separately metered; however, the landlord currently pays - opportunity to pass this expense to tenants in the future to decrease overall expenses and increase NOI. Steel Roof (2014) , Furnace (2021). 3 Parking spots. |
Price | $550,000 |
Taxes: | $5647.00 |
Tax Type: | Annual |
Occupancy by: | Tenant |
Address: | 442-444 Montreal St , Kingston, K7K 3H7, Ontario |
Postal Code: | K7K 3H7 |
Province/State: | Ontario |
Legal Description: | PT FARM LT 1 CON WEST GREAT CATARAQUI RI |
Lot Size: | 56.08 x 105.04 (Feet) |
Directions/Cross Streets: | Montreal St. & Thomas St. |
Category: | Apartment |
Building Percentage: | Y |
Total Area: | 4908.34 |
Total Area Code: | Sq Ft |
Taxes Expense: | $5647 |
Insurance Expense: | $1987 |
Heat Expenses: | $3106 |
Hydro Expense: | $2414 |
Water Expense: | $6427 |
Year Expenses: | 2024 |
Expenses Actual/Estimated: | $Est |
Washrooms: | 4 |
Heat Type: | Elec Forced Air |
Central Air Conditioning: | N |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
MYSAK REALTY INC. |
|
Book Showing | Email a Friend |
Type: | Com - Investment |
Area: | Frontenac |
Municipality: | Kingston |
Lot Size: | 56.08 x 105.04(Feet) |
Tax: | $5,647 |
Baths: | 4 |