Renovated 4-Unit Property Discover a remarkable investment in this beautifully renovated 4-unit property, boasting an array of modern updates and conveniences. Each unit has been thoughtfully updated, reflecting a commitment to quality and comfort, making it an ideal choice for discerning investors. Each unit features new flooring and fresh paint. The renovations extend to the bathrooms and kitchens. The property includes a generous parking area, providing ample space for tenants, a significant advantage in residential rental properties. A huge basement offers practical storage solutions and houses 4 newer gas hot water tanks. This property adheres to safety standards, being lead-safe and fire-coded. Fully rented with long-term tenants, most of whom have called this place home for over 10 years. While the rents are currently set below market rate out of the landlord's choice to maintain long-term tenancies, there is substantial potential to increase rental income, offering an attractive opportunity for revenue growth. This property represents a unique blend of modern living and investment savvy. The combination of prime condition, safety compliance, and stable tenant base makes it an attractive proposition for investors. With the potential to increase rents, this property promises not just immediate returns but also long-term growth prospects. Seize this opportunity to own a turn-key investment property in a desirable location.

Listing courtesy of RIMLS / eXp Realty

Last checked: Checking… • Last updated May 13, 2024 • Source: RIMLS

MLS# 1350618 — Report a problem