2 Duplexes on one lot
4 Bedrooms2 Bathrooms
For Sale - Offered at $349,900

Location Map

Property Details

           243-245 Coleman Street


Price: $349,900
Status: Active
PIN / MLS® #: 115104
Address: 243-245 COLEMAN ST
Side of Road: East
Lot Size: 50 X 75 IRREG
Approx. Sq Ftg Range: 3001-3500
Major Area: Belleville
District: Belleville
Subdistrict: WEST OF MOIRA RIVER (Belleville)
Zoning: C-3-5
Elementary School:  
Secondary School:  
Property Overview  Two duplexes on one city waterfront lot. 2 detached homes comprised of a total of 4-1 bedroom apartments. Central location right downtown. Zoned C 3-5. Both have natural gas heat. One home has a forced air furnace and the other a natural gas boiler system. Some updates including shingles, flooring & front porches. Both main floor units have recently been updated including a new bath in 245A. Low turnover fully occupied and managed by Property Management company. Great location, 2-minute walk to downtown Belleville, shopping and waterfront trail. City transit right at front door. Landlord pays all utilities. Income from rents equals $3143.90. per month. $37726.80 per year. Expenses $16536.22 a year with a net operating income of $21180.58. 24 hours notice required for all showings. 3 of the 4 units available to be shown without an accepted offer.
Directions  Bridge Street West to Coleman Street. Turn North on Coleman and houses are on East side just before Catherine Street. #243 and #245. No sign on the property. Parking available in the parking lot to North of property.
Inclusions Smoke Detector / 4 stoves, 4 fridges
Exclusions All Tenants belongings
Type: Fourplex
Title To Land: Freehold
Property Size: Under 0.5 Acres
Accessory Buildings:  
Rental Equipment: Hot Water tank
Documents On File: Land Survey
1st Heat Source: Forced Air-Gas, Hot Water-Gas, Natural Gas
2nd Heat Source:  
HVAC Features:  
Water: Metered, Municipal Installed
Sewage: Municipal Installed
Driveway: Gravel, Single
Foundation/Bsmt: Block, Stone
Roof: Asphalt Shingle
Flooring: Vinyl/Linoleum
Interior Features: Carbon Monoxide Detector, Smoke Detector
Exterior: Vinyl Siding
Exterior Features: Porch
Water Type:   WF (# Ft On Water): 50.00 S.R.A: None Shoreline: Rocky, Shallow
Waterfront Features: Waterfront
WF Accessory Buildings:   WF Exposure: East
Com/Ret Space: No
Rent Control: Yes
Lockbox:   SPIS:  
Vermiculite: UNKNOWN Garage: No
# Of Parking Spaces: 1 Parking:  
# outdoors spaces:   # Indoor spaces:  
Property For: Sale Sale Type:  
Approx. Age Range: 1920
1 Bedroom Units: 4 2 Bedroom Units:   3 Bedroom Units:  
4 Bedroom Units:   Bachelor:   Number of Rental Units: 4
Fire Retrofit: NO # Vacant:  0 # Occupied: 4
stoves: 4 dishwashers:   washers:  
dryers:   microwaves:   fridges: 4
Income Information
rental income: 37726.80 laundry income:  0.00 parking income:  0.00 other income:  0.00
Expense Information
insurance: 1800 maintenance: 800 water/sewage: 1200 heating bill: 2100 electricity bill: 4100
lawn/snow:   management: 1875 taxes cost: 4092.00 garbage:   other costs: 579.72
approx total income: 37726.80 approx total expenses: 16536.22 approx net income: 21181.58
Full Assessed Value: $257000 (2016) Current Assessed Value: $257,000 (2016) Taxes: $4092.00 (2017) Improvements:  Roof,front decks, interior
Annual Hydro Cost: 4100 Annual Heating Cost: 2100
Listing Office: RE/MAX QUINTE LTD, Brokerage – TRENTON :  
Compliments of:   JASON WOOD, Sales Person: 613-392-6594
E-mail:   mr.jasonwood@gmail.com
Company Name:   RE/MAX QUINTE LTD, BROKERAGE – TRENTON: 613-392-6594
The information contained herein while deemed to be accurate is not guaranteed.
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