344 TWEEDSMUIR

Home Details

Description

Seize this rare opportunity to build a lucrative investment property in the heart of Westboro. Whether you choose to proceed w/ the approved 6-unit building or explore the potential for up to 12 units in it's R4UB zoning, this property offers unparalleled possibilities. The approved architectural plans include 9' ceilings, large sunlit windows, an elevator for convenience, a rooftop space for relaxation, dedicated parking, and a bike/garbage shed in the back. Unit Breakdown:Two luxurious 3-bedroom + den, 2.5-bath units w/ in-unit storage (each 1850 sqft) ideal to live in; One 2-bedroom unit; One 1-bedroom + den unit & Two 1-bedroom units. W/ a strategic unit mix, the projected annual rental income is an impressive $256,800. After a 20% projected expense of $38,520, the expected NOI is $218,280, reflecting a solid 5.5% cap rate w/ potential for growth. It provides immediate income while you plan for the future. Act now to secure this prime Westboro investment. Some pics virtually staged (id:39198)

See more

Additional media

-

Property taxes

$7,834.00 per year / $652.83 per month

Basement

Unfinished, Full

Year build

1904

Type

Single Family

Bedrooms

4

Bathrooms

2

Parking spots

3 Total

Floor

Tile, Hardwood

Balcony

-

Pool

-

External material

Brick | Stone

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Radiant heat, Natural gas

Fire place(s)

-