171 NELSON Street, Brantford, Ontario N3S4B7
Listing courtesy of Re/Max Twin City Realty Inc.
- $649,900
- 10
- BD
- 4
- BA
- 3,941
- SqFt
- List Price
- $649,900
- MLS®
- 40827612
- Days on Market
- 24
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Bedrooms
- 10
- Bathrooms
- 4
- Living Area
- 3,941
- Lot Size Dimensions
- 0.25
- Lot Size
- 10,890
- Subdivision
- 2045 - East Ward
Property Description
Build Wealth with this High-Performing Income Property! An impressive all-brick fourplex sitting on a 0.25 of an acre lot with over 80 feet of frontage, a 44’6” x 28’6” detached garage/workshop, a wraparound covered front porch, and plenty of parking. This outstanding 3,941sq.ft. income-producing powerhouse generates over $100,000 in annual rental income and a fantastic 12.27% cap rate. The rental income is as follows: Basement Unit: $1,350/month + hydro; Main Floor Unit: $2,200/month all-inclusive; 2nd Floor Unit: $2,750/month all-inclusive; Attic Unit: $1,500/month + hyrdo(tenant recently vacated and it was left vacant by the current owner so the new owner can choose their own tenant and rent at the market rate). The financials for the property are attached to the MLS listing for your realtor to access for you and a copy is also available upon request. Whether you’re growing your portfolio or purchasing your first investment property, this fourplex offers a cash-flow opportunity that rarely becomes available. Don’t miss out on this lucrative investment property! Book a viewing today! (id:5764)
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Additional Information
- Ownership
- Freehold
- Garage
- Yes
- Subdivision
- 2045 - East Ward
- Parking Spaces
- 13
- Cooling
- None
- Country
- Canada
- Sewer
- Municipal sewage system
- Community Features
- Quiet Area
- Heating
- Forced air, Natural gas
- Lot Features
- Crushed stone driveway
- Total Number Of Units
- 4
- Stories
- 2.5
- Lot Size
- 10,890
