20 Main Street W Elizabethtown-Kitley, Ontario K0E 1M0
$950,000
Exceptional Fourplex Investment Opportunity with a Strong 7% Cap Rate at Entry!Located just outside of Brockville, this recently renovated 4-unit property presents an excellent investment opportunity. Two units are currently leased at market rent, while the other two are vacant and ready for immediate leasing. The unit mix includes two spacious three-bedroom units and two large two-bedroom units, split between upper and lower levels.Each unit has been thoughtfully renovated, featuring new flooring, modern kitchens, updated bathrooms, and fresh touch-ups throughout. Significant capital improvements have been made, including brand-new windows, upgraded baseboard electric heating systems, and new siding being installed on the rear of the building this spring. Additionally, two decks and fire escapes have been replaced, and the property boasts a durable 10-year-old metal roof.With an estimated 6-7% cash-on-cash return in the first year, this property offers a fantastic opportunity for both owner-operators looking to reduce living costs and investors seeking a turnkey rental operation. Dont miss out on this prime investment opportunity! (id:59406)
Property Details
| MLS® Number | X11899765 |
| Property Type | Multi-family |
| Community Name | 811 - Elizabethtown Kitley (Old Kitley) Twp |
Building
| Appliances | Refrigerator, Stove |
| HeatingType | Baseboard Heaters |
| SizeInterior | 3000 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| ZoningDescription | Multiplex |
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Andrew Odoardi
Salesperson
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December 22 2024 07:03:29
Exp Realty