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. $10,000 Renovation Allowance offered by Seller to be given to Buyer on closing for any renovations desired by new Owner. The Seller will also consider a Vendor take back mortgage if required. 24 hours notice required for all showings.
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.