124 Ford Street Kingston, Ontario K7K 4Z6
$649,900
Quality Investment Property with a ton of parking and a huge detached double car garage/workshop! This Triplex is separately metered so tenants can pay their own utilities. 2 of the 3 Units are currently rented with the owner leaving one of the 3-bedroom units vacant at the end of June to allow a new landlord to choose their own tenants and set their own rents. Property consists of 2- 3 Bedroom Units and 1-2 Bedroom Unit. The property is rented as follows: 1-3 Bedroom for $1200 month to month. 1-2 Bedroom unit rented for $850 month to month. 1-3 Bedroom Unit tenant set to move out at the end of June, New owner can set own rent. Bonus Coin operated laundry in the basement for additional income and a massive parking area behind the property that could also be used to bring in more income if you charged for parking or to use to the garage. This is an excellent investment opportunity with plenty of upside with future rent increases. With market rents would be over 7% Cap Rate. Call, text or email for more information. (id:28587)
Property Details
| MLS® Number | 40593186 |
| Property Type | Multi-family |
| Amenities Near By | Park |
| Features | Laundry- Coin Operated |
| Parking Space Total | 12 |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 8 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1967 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 3342.08 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Park |
| Sewer | Municipal Sewage System |
| Size Depth | 160 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Ur10 |
https://www.realtor.ca/real-estate/26926506/124-ford-street-kingston
Interested?
Contact us for more information
Jason Barbosa
Salesperson
https://www.remaxrise.com/
110-623 Fortune Cres
Kingston, Ontario K7P 0L5
(613) 546-4208
https://www.remaxrise.com/
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May 31 2024 03:37:06
Kingston & Area Real Estate Association
RE/MAX Rise Executives, Brokerage