24 Units in Quinte West
$1,550,000
Highlights
Units
24
Stories
Lot Size
Cap Rate
8.8%
Massive Price Reduction - Originally Asked $1,850,000, Now Asking $1,550,000. Will Qualify For 85% Loan To Value Based On Purchase Price Of $1,550,000. With 15% Down ROI Is 42.2%, With 15% Cash On Cash Return Of 26.7%. Two 12-unit Buildings On Almost Two Acres Of Land In Quinte West. Located Just A Short Walk To Lake Ontario! Both Buildings Had Roofs Replaced Within The Last 5 Years. Tenants Pay Own Heat & Hydro - All Units Have Separate Hot Water Tanks & Hydro Meters. Rents Are Below Market - Potential To Increase Rental Income! Ample Parking On Site, Laundry Facilities On Site. All Balconies Were Redone In 2012. Close To Schools, Amenities, Activities And More.
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All information furnished regarding this property is from sources deemed reliable but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price or other terms, prior to sale or withdrawal without notice. Prospective purchasers are advised to seek independent legal, accounting, or any other consulting advise as may be deemed necessary to submit an offer to purchased