Legal 5-plex for sale. 170 College Street W, Belleville, On. $728,000
X8314448
Property ID
2,958 SqFt
Size
6
Bedrooms
5
Bathrooms
Description
Legal 5-plex in a great central location in Belleville. Sitting on a main bus route, close to schools, parks, shopping & the 401. This well-maintained property comprised of a large two-bedroom & 4 1-bedroom apartments. Three of which have large, partially fenced private yard areas. Some great features & updates in the last few years, including 5 owned HWTs. Separately metered, all tenants pay for their hydro & water, two high-efficiency natural gas furnaces(2021). The landlord pays heat. Metal roof(2020) Paved parking for 6-7 vehicles, one with recycled asphalt(2017). Most windows & Exterior doors are newer. Four of the five apartments have been updated, including the upstairs apartment in 2023. Laminate & vinyl flooring, LED lighting & newer plumbing fixtures. Keyless entry on three apartments. New tub surrounds in 2 units. Fire-rated furnace room with sprinklers for fire compliance. Some newer appliances. Most are long-term tenants. Managed by a local PM company. Turn key property with a 6.0% cap rate.
NOTE: 5 Glendale & basement (utility area) available for viewings prior to receiving an accepted offer. A great income property Electric baseboards not use. Current rent amounts still have real growth potential.
Inclusions: |
5 Fridges, 5 Stoves, 5 Hot water tanks, Smoke Detectors & CO detectors, 2 built-in AC units, most blinds and window coverings. |
Exclusions: |
All Tenants Belongings and some items in basement |
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Address
- Country: Canada
- Province / State: Ontario
- Postal code / ZIP: K8P2G8
- Property ID X8314448
- Price $728,000
- Property status For Sale
- Bedrooms 6
- Bathrooms 5
- Size 2,958 SqFt
- Land area 10,730 SqFt
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