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 $4,800 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 # | 26015662 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1900 |
| Days On Site | 96 |
| Listing Provided By | Royal LePage Key Realty | MELISSA BENNETT |
Features
| Story(s) | 1 |
|---|---|
| Units | 3 |
| Zoning | RES |
Interior
| Heating | Forced air, Natural gas, Furnace |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Block |
|---|
Parking
| Parking Features | Other |
|---|
Taxes
| Tax Year | 2025 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Sarnia |
| Postal Code | N7T5E2 |
| Listing VS Median (in N7T5E2) | |
Price: $363,900 low | high Med: $363,900 On site: 96 low | high Med: 101 | |
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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 On site: 96 low | high Med: 101 | |
