12 Bedroom
12 Bathroom
0 - 699 ft2
Baseboard Heaters
$2,375,000
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 7 one-bedroom units and 5 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $182,600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. Financial statements and rent roll available upon request. (id:50976)
Property Details
|
MLS® Number
|
X13778204 |
|
Property Type
|
Multi-family |
|
Community Name
|
14 - Central City East |
|
Parking Space Total
|
3 |
Building
|
Bathroom Total
|
12 |
|
Bedrooms Above Ground
|
12 |
|
Bedrooms Total
|
12 |
|
Appliances
|
Water Heater, Two Stoves, Two Refrigerators |
|
Basement Type
|
None |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Concrete |
|
Heating Fuel
|
Electric |
|
Heating Type
|
Baseboard Heaters |
|
Size Interior
|
0 - 699 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
67 Ft ,4 In |
|
Size Frontage
|
33 Ft ,10 In |
|
Size Irregular
|
33.9 X 67.4 Ft |
|
Size Total Text
|
33.9 X 67.4 Ft |
https://www.realtor.ca/real-estate/30272604/442-macdonnell-street-kingston-central-city-east-14-central-city-east
