12 RICHARD ST, Quinte West, Ontario K8V 1V1
$499,900.00
- 4 bedrooms
- 2 bathrooms
Solid investment opportunity with this brick & stucco side-by-side duplex. One unit fully occupied & the other unit recently empty & ready for the next owner to choose their own tenant & set their own rents. No need to assume tenancies with rents far too low, this multi-residential home can provide positive cash flow right away. Both units metered separately for: gas, hydro & water/sewer. Unit A is a 2 bed, 1 bath, 2sty unit with tenant paying $1600/mth ++. Tenant has been in place since Dec. 2023 & has a 1yr lease. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is ... read more
Solid investment opportunity with this brick & stucco side-by-side duplex. One unit fully occupied & the other unit recently empty & ready for the next owner to choose their own tenant & set their own rents. No need to assume tenancies with rents far too low, this multi-residential home can provide positive cash flow right away. Both units metered separately for: gas, hydro & water/sewer. Unit A is a 2 bed, 1 bath, 2sty unit with tenant paying $1600/mth ++. Tenant has been in place since Dec. 2023 & has a 1yr lease. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is vacant & ready for the open market. This bungalow layout has 2 bdrms, 1 bath, formal living rm & dining rms, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: hdwd flooring, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Great addition to your investment portfolio. **** EXTRAS **** Projected rent for vacant unit is approx. $2000/mth++ for a total potential GROSS rent of $43,200 annually. Duplex includes: 2 fridges, 2 stoves, 2 sets of washers/dryers, 2 HWTs (all owned by Landlord). Minimal landlord expenses. (id:25417)
- Listing ID: X8251202
- Property Type: Single Family
| Property | |
|---|---|
| Lot Size: | 43.19 by 99.95 FT |
| Parking: | 2 Spaces |
| Building | |
|---|---|
| Type: | Single Family Duplex |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Brick and Stucco |
| Basement: | Full (Unfinished) |
| Utilities: | Cable |
| Location | |
|---|---|
| City: | Quinte West |
| Province: | Ontario |
| Nearby Amenities: | Hospital, Marina, Park and Schools |
| Rooms | Level | Dimensions |
|---|---|---|
| Bedroom 2 | Second level | 4.14 m x 2.13 m |
| Primary Bedroom | Second level | 5.03 m x 3.4 m |
| Kitchen | Main level | 3.25 m x 2.59 m |
| Dining room | Main level | 3.45 m x 4.34 m |
| Living room | Main level | 5.41 m x 3.48 m |
| Primary Bedroom | Main level | 3.58 m x 3 m |
| Living room | Main level | 5.79 m x 3.56 m |
| Bedroom 2 | Main level | 3.58 m x 2.9 m |
| Dining room | Main level | 3.53 m x 2.92 m |
| Kitchen | Main level | 3.45 m x 3.5 m |
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