Description
Attention investors! Outstanding opportunity to acquire a cash-flowing duplex in the heart of Sarnia, offering three self-contained units and strong income potential at an affordable price point. With a total of 7 bedrooms, 3 bathrooms, and 3 full kitchens, this purpose-built income property is an excellent addition to any investment portfolio. This property is currently generating $4,000 per month ($48,000 annually) in gross rental income, with all rents inclusive. Current rental breakdown is as follows: Unit 1-$1,400/month (scheduled to be vacant mid-August, with the seller willing to make provisions to secure a new tenant prior to closing, subject to the terms of the Agreement of Purchase and Sale), Unit 2- $1,650/month and unit 3-$950/month. Based on previous years' operating figures, annual expenses are estimated at approximately: Gas -$2,700, Hydro & Water-$6,206, Insurance-$1,200, Maintenance-$ 1,800, and Property Taxes -$3,100. The hot water tank is owned, eliminating rental costs. this results in an attractive estimated Net Operating Income, making this a rare opportunity to acquire a positive cash-flow investment property for under $400,000. Conveniently located close to amenities, schools, shopping and public transit, this property offers stable rental demand and long-term investment potential. Property is being sold as is, where is, as the Seller will provide limited representations and warranties with respect to the property. A fantastic opportunity for investors seeking immediate income with future upside. (id:374)
Details
| MLS # | X13565718 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 102 |
| Listing Provided By | RE/MAX PREMIER INC. | ANDREW INFUSINO |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R2 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Block |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 3 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4215.6 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Sarnia |
| Postal Code | N7T5E2 |
| Listing VS Median (in N7T5E2) | |
Price: $363,900 low | high Med: $363,900 sqft: 1,500 low | high Med: 1,500 $ / sqft: $243 low | high Med: $243 On site: 102 low | high Med: 102 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | Sarnia |
| Postal Code | N7T5E2 |
| Listing VS Median (in N7T5E2) | |
Price: $363,900 low | high Med: $363,900 sqft: 1,500 low | high Med: 1,500 $ / sqft: $243 low | high Med: $243 On site: 102 low | high Med: 102 | |
