291 Helen Street Kingston, Ontario K7L 4P6
$709,900
Quality investment property in a fantastic location near Queen's University and St. Lawrence college. This triplex is fully rented to excellent tenants who all pay their own utilities as each unit is separately metered. Units consist of 1 - 3 bedroom unit and 2- 2 bedroom units. The property is rented as follows: 3 bedroom for $1600 per month with built in rental increases for the next two years of $1650 then $1700. 1-2 bedroom unit rented for $1600 per month. 1- 2 bedroom unit rented for $1750- brand new tenant just moved in oct 23. Bonus coin washing machine in the basement for additional income and a massive parking area behind the property that could also be used to bring in more income if you charged for parking. The building has been very well maintained. The shingles, windows and attic insulation were updated in 2012. Lower level floors done in the last two years. One of the very few investment properties listed that is operating at over 7.5% cap rate and has a lot of room to easily increase the rents and income down the road. This is an excellent investment opportunity! (id:47868)
Property Details
| MLS® Number | 40513733 |
| Property Type | Multi-family |
| Features | Crushed Stone Driveway, Laundry- Coin Operated |
| Parking Space Total | 5 |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 7 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Vinyl Siding |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 1882.7500 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 120 Ft |
| Size Frontage | 40 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Urm6 |
https://www.realtor.ca/real-estate/26284882/291-helen-street-kingston
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November 27 2023 07:02:13
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