True turn key operation for sale in a booming area of town. All the work is done! This purpose built Legal 12 plex consists of 11 spacious two bedroom units and a newly reconstructed one bedroom unit. All units separately metered, tenants pay their own hydro except 1 bedroom which is all inclusive. Brand new front facing windows in upper two units and windows in all units replaced within the last 5 years. Water Tank/Boiler/Laundry & Security System (17 cameras linked to mobile phone app) are owned outright! New washers & dryers to be included. Controlled entry with separate private security/utility room. All 11-2 bedroom units have been updated in the last 4 years with newer flooring, bathrooms and kitchens. All units have been well kept and well maintained; with two units freshly repainted. Total Annual Income $125,794.20 Total Annual Expense - $36,971.92 Net Income: $88,822.28 Amazing Cap rate of 6.76%
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Listing Courtesy ofCentury 21 First Canadian Corp