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MLS®: X12544210 |
Status: For sale
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RE/MAX Finest Realty, Brokerage - Kingston
Randy Beck
Sales Representative
Email Me
Telephone:613.389.7777
Cellular:613.541.9221
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Location:
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493 COLLEGE STREET, Kingston (Central City East) Ontario, K7L4M8
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Description: |
Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today. (id:2471) |
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Property: |
| Type: Multi-family |
| Lot Dimensions: 45 x 125 FT | Acreage: 45 x 125 FT|under 1/2 acre |
| Sewer: Sanitary sewer | Water: Municipal water |
| Parking Type: No Garage |
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Structure: |
| Style: Other | Square Footage: 2000 - 2500 sqft |
| Bedrooms: 8+3 | Bathrooms: 4 |
| Heating: Forced air |
| Heating Type: Natural gas |
| Cooling Type: Central air conditioning |
| Exterior: Brick, Vinyl siding |
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Foundation Type: Block |
| Fireplace: Yes |
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Rooms: |
| Type |
Level |
Dimensions |
| Primary Bedroom | Second level | 4.17 m x 4.4 m | | Bedroom 2 | Second level | 3.8 m x 3.33 m | | Bedroom 3 | Second level | 4.15 m x 2.97 m | | Kitchen | Second level | 3.8 m x 3.16 m | | Living room | Second level | 5.35 m x 3.62 m | | Bathroom | Second level | 2.7 m x 1.81 m | | Kitchen | Basement | 1.56 m x 5 m | | Dining room | Basement | 2.18 m x 1.66 m | | Living room | Basement | 3.91 m x 6.83 m | | Bathroom | Basement | 2.14 m x 1.5 m | | Primary Bedroom | Basement | 3.79 m x 3.54 m | | Bedroom 2 | Basement | 3.79 m x 3.07 m | | Bedroom 3 | Basement | 3.79 m x 2.7 m | | Kitchen | Main level | 4.17 m x 2.41 m | | Living room | Main level | 5.14 m x 3.65 m | | Kitchen | Main level | 2.12 m x 4.23 m | | Dining room | Main level | 1.41 m x 2.06 m | | Living room | Main level | 2.35 m x 2.86 m | | Bedroom | Main level | 2.97 m x 2.95 m | | Bathroom | Main level | 2.78 m x 1.51 m | | Bathroom | Main level | 2.66 m x 1.82 m | | Primary Bedroom | Main level | 4.15 m x 3.31 m | | Bedroom 2 | Main level | 3.79 m x 3.31 m | | Bedroom 3 | Main level | 2.98 m x 2.59 m | | Bedroom 4 | Main level | 3.76 m x 3.19 m | |
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**Broker *Sales Representative
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