4 Bedroom
4 Bathroom
2,000 - 2,500 ft2
Bungalow
Forced Air
Landscaped
$589,900
ATTENTION INVESTORS! Here is an exceptional opportunity for those seeking a lucrative investment with some long-term tenants & 4 units generating consistent rental income. This purpose-built fourplex, located in the heart of Trenton, is the ideal choice for savvy real estate investors. While duplexes and triplexes have their merits, a fourplex strikes the perfect balance, significantly reducing vacancy losses and maximizing income potential. This fully occupied property boasts responsible tenants who take excellent care of their homes, generating over $48,000 in gross rental income annually. Utilities such as hydro and water/sewer are metered separately, with the landlord covering gas expenses. The property offers an impressive cap rate of over 6.5%. The 4 units consist of 2 on the main level & 2 on the lower level, with each unit featuring 1 bedroom & 1 bathroom, as well as main entrances & secondary/emergency exits. Each unit also includes private patio areas, complemented by a large, shared fenced yard. UNIT 1: $650/month + hydro & water/sewer. Tenant has resided here for approx. 14 years & maintains the unit in excellent condition. UNIT 2: $1,350/month + hydro & water/sewer. Tenant has occupied this unit since July 2023, & it is also in great shape. UNIT 3: $650/month + hydro & water/sewer. This tenant has been here for 7 years, and the unit is well-maintained. UNIT 4: Recently renovated in 2022, featuring new vinyl flooring, an updated kitchen, & a new bathroom. Tenant pays $1,350/month + hydro & water/sewer & has been there since January 1, 2025. All tenants are on month-to-month leases, providing flexibility for the new owner. This income-producing property with excellent tenants is a fantastic addition to your real estate investment portfolio. An income statement is available upon request. Don't miss out on this opportunity to visit my website for more information about this listing! (id:41986)
Property Details
MLS® Number
|
X11958225 |
Property Type
|
Single Family |
Amenities Near By
|
Marina |
Community Features
|
Community Centre, School Bus |
Equipment Type
|
Water Heater - Gas |
Features
|
Level |
Parking Space Total
|
4 |
Rental Equipment Type
|
Water Heater - Gas |
Building
Bathroom Total
|
4 |
Bedrooms Above Ground
|
2 |
Bedrooms Below Ground
|
2 |
Bedrooms Total
|
4 |
Appliances
|
Water Heater |
Architectural Style
|
Bungalow |
Basement Development
|
Finished |
Basement Features
|
Separate Entrance, Walk Out |
Basement Type
|
N/a (finished) |
Exterior Finish
|
Stucco |
Fire Protection
|
Smoke Detectors |
Foundation Type
|
Block |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Stories Total
|
1 |
Size Interior
|
2,000 - 2,500 Ft2 |
Type
|
Fourplex |
Utility Water
|
Municipal Water |
Parking
Land
Acreage
|
No |
Fence Type
|
Fenced Yard |
Land Amenities
|
Marina |
Landscape Features
|
Landscaped |
Sewer
|
Sanitary Sewer |
Size Depth
|
118 Ft ,9 In |
Size Frontage
|
37 Ft ,1 In |
Size Irregular
|
37.1 X 118.8 Ft |
Size Total Text
|
37.1 X 118.8 Ft|under 1/2 Acre |
Zoning Description
|
R3 |
Utilities
Cable
|
Available |
Sewer
|
Installed |
https://www.realtor.ca/real-estate/27882036/527-front-street-quinte-west