121 Station Street Sold 18 hours ago

Belleville, K8N 2S9

$899,900$000000

Description

Listed by ROYAL LEPAGE PROALLIANCE REALTY.

With Rents On The Rise, Buy-And-Hold Rental Investment Is A Shining Star In Today's Real Estate Market. Once In A Great While, We Find An Income Property Like This One. Owned By The Same Family For Over 40 Years This 6-7 Unit Property Is A Solid Moneymaker. Currently, There Are 4-1 Bedroom Units & 2 Bachelors. The 7th Is Currently The Owner's Office And Could Be Rented As A Studio/Room At $800/Month. All Units Have Separate/Private Entrances (No Hallways or shared entrances). With A Potential Gross Income Of $96,000 The Property Nets Approximately $72,000 Before Financing With A Cap Of Almost 9%. The Property Is In Excellent Condition, With All Wiring and plumbing updated. 2 Units Are Newly Refreshed, and 1 has just been renovated. Mostly at market rents and with increases possible on turnovers. Great tenants who are all working folks or retirees. Very clean, well-kept property, creating worry-free cash flow.

Location

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  • Address: 121 Station Street
  • Neighborhood:
  • City: Belleville
  • State: Ontario
  • Postal Code: K8N 2S9

Property Details

  • Property ID: X8369506
  • Property Price: $899,900
  • Style: Multiplex, 2-Storey
  • Sq/Ft: 2000-2500
  • Rooms: 7+0
  • Bedrooms: 7+0
  • Bath: 7
  • Parking Spaces: 4
  • Den: N
  • Exterior: Stone
  • Heating: Baseboard
  • Fireplace: N
  • Taxes: $4,447.25 (2024)
  • Acreage: < .50 Acres
  • Lot: 126.75x35.50 (Feet)

Property History

This property has been sold 4 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100