91 Bridge St W, Belleville, K8P 1J4

Home Overview

Description

Net income of $59,021/year and a CAP rate of 8.8%! And that was before one unit was vacated. Prospective tenants are being screened now to take occupancy at market rent for one empty unit (91A). Don't be that want-to-be-real-estate-investors who uses all 10 fingers and all 10 toes to find a reason NOT to invest. Put those digits (and your spreadsheets) to good use. Take a look at this nicely updated triplex in the heart of Belleville. The bright 1 bedroom upstairs unit is recently renovated. The two lower units have been bringing in great rental income. One turned over in September and continues to bring in market rent. Separate meters means all tenants pay their own water, sewer, heat and hydro utilities. A metal roof was added in 2017, as well as 2 new gas furnaces. More recent updates include windows, flooring, kitchens, bathroom updates, a new gas fireplace for the upstairs unit and new side decks for the lower units. Each unit has its own laundry. Even better this beautifully maintained property includes plenty of parking and is walking distance to shopping. Public transit stops here. If you've been looking for an easy, cash-flowing investment with an 8.8% CAP rate, you've found it.

128 days

On Market

Triplex

Property Type

$3,836 / Year

Est. Taxes

$0 / Month

Maint. Fees

-

Locker

100+

Year Built