3-plex for sale, 721 Guy Street
Description
Great investment opportunity!
A fully rented 3-plex*:
· Two 3-bedroom units (over 1,000 SqFt each)
· One 2-bedroom unit (over 850 SqFt).
Every unit is equipped with a gas furnace, HWT, gas and hydro meters.
There are no utilities paid by the landlord.
Rents per month are as follows:
· #1 2-bdrm: $1,250
· #2 3-bdrm: $980 (market value $1,500)
· #3 3-bdrm: $1,400
Property operating costs:
· Taxes: $4,000/yr
· Insurance: $3,300/yr
· City water: $2,000/yr
Each apartment is equipped with five appliances:
· Stove
· fridge
· dishwasher
· washer
· dryer
Outdoor space:
· Both 3-bedroom units have a balcony (front) and a deck with stairs to backyard (back).
· 2-bedroom unit has direct access to the backyard.
· Large backyard shared by all tenants.
Each unit has an assigned paved parking space.
Many updates have been made throughout the years; vinyl windows, updated kitchens/bathrooms, new (6-inch) insulation on outside walls, a new roof coating.
Floors in all units:
· Tiles (bathrooms, kitchens)
· Floating panels
*No carpets in any unit.
Quiet and family friendly area.
Property is very easy to maintain.
There are two sheds on the property for lawn/snow equipment storage (lawn mower/snow blower, etc.)
Built in 1958, foundation: poured concrete.
*Only the property at 721 Guy St. is for sale.
- Ad Type: Offering
real estate | land for sale
2023-03-27