527 Front
| Quinte West
$599,900.00
Listed 3 months ago
- 2 bed
- 4 bath
- 2000-2500 sqft
- 4.0 parking
- Fourplex
Instant Estimate
$586,016
-$13,885 compared to list price
Upper range
$651,748
Mid range
$586,016
Lower range
$520,283
Property history
- Now
- Listed on Jul 10, 2024
Listed for $599,900.00
93 days on market
- Feb 6, 2024
- 8 months ago
Expired
Listed for $649,900.00 • 3 months on market
- Nov 12, 2022
- 2 years ago
Expired
Listed for $600,000.00 • 3 months on market
Location & area
Schools nearby
Home Details
- Description
- Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units you greatly reduce vacancy losses due to more units bringing income. Fully Occupied with good tenants that take great care of the property. Strong monthly revenue produces over $42,000 of GROSS RENTAL INCOME. Hydro, Water/Sewer are metered separately (Landlord Pays Gas). Cap Rate Over 5.5%. Four units in total, 2 on Main & 2 on Lower. All Units have 1 Bd & 1 Bath, plus main entrances and secondary/emergency exits. Each unit also has their own patio areas plus there is a large, fenced yard that is shared. Unit 1 pays $650/Mth +Hydro & Water/Sewer. Tenant has been there approx. 13Yrs. Unit in excellent condition. Unit 2 is also in great condition & Tenant has been there since Sept. 2021. Tenant pays $875/Month +Hydro & Water/Sewer. Unit 3 has 1 Bd, 1 Bath. Tenant has been there 6.5Yrs & pays $650/Mth +Hydro, Water/Sewer. Unit 4 has was renovated 2022 with new vinyl flooring, new bath & updated kitchen. Tenant pays $1350/Mth +Hydro, Water/Sewer. Great income producing property & excellent tenants. Income statement avail upon request. Add this excellent building to your real estate investment portfolio. You wont be disappointed.
- Additional media
- -
- Property taxes
- $3,241.71 per year / $270.14 per month
- Basement
- Fin W/O
- Basement
- Full
- Year build
- 31-50
- Type
- Fourplex
- Bedrooms
- 2 + 2
- Bathrooms
- 4
- Parking spots
- 4.0 Total
- Floor
- -
- Balcony
- -
- Pool
- None
- External material
- Stucco/Plaster
- Roof type
- -
- Lot frontage
- -
- Lot depth
- -
- Heating
- Forced Air
- Fire place(s)
- N
Listing Brokerage
- MLS® Listing
- X9032093
- Brokerage
- ROYAL LEPAGE PROALLIANCE REALTY
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