341 Division St, Kingston, K7K 4A2

Home Overview

Description

Legal non-conforming triplex in a prime location perfect for capturing top market rents. Each unit has in-suite laundry and dedicated parking, making it easy to rent and manage. The building is in excellent condition with numerous recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. Featuring high ceilings and exposed brick, all units show beautifully. The property includes two 1-bedroom units and one 2-bedroomunit. Unit #1 (1 bed) rents for $1,600/month, Unit #3 (1 bed) rents for $1,600/month, and Unit #2 (2 bed) rents for $1900/month. Total gross income is $61,200/year, with estimated annual expenses of $12,440, for a NOI of $48,760. Market Rent increases could comfortably raise the net to closer to $55,000. A well-maintained, cash-flowing investment with wonderful tenants and strong rental appeal. Call, text, or email to book your showing.

22 days

On Market

Triplex

Property Type

$4,568 / Year

Est. Taxes

$0 / Month

Maint. Fees

-

Locker

-

Year Built