432 BARRIE STREET

TURNKEY 5-PLEX IN DOWNTOWN KINGSTON - CASH FLOW NOW, ROOM TO GROW. This is the perfect time to start or expand your investment portfolio in Kingston, Ontario, and 432 Barrie Street is the perfect property to do it. This solid 5-plex offers an in-demand mix of 4 x 1-bedroom units and one 3-bedroom unit. Tenants pay hydro (electric heat) and each unit is separately metered. On-site coin laundry and dedicated parking for 3 vehicles provide additional steady income each month. The building attracts quality tenants - young professionals and students - with turnover averaging around every 2 years. Units have been consistently updated. Bonus: with some units currently below market rents, there is a clear path to grow income as leases turnover. Location, stability, and upside, all in one address. Rent roll, expenses, and property updates available on request. Schedule your private showing today. (id:67197)

Price

$1,099,000

Property Type

Multi-family

Transaction Type

For sale

Bedrooms

7

Bathrooms

5

Parking

3

MLS® Number

X13781810

Interior Size

2500 - 3000 sqft

Building Type

Other

Bedrooms Above Grade

7

Bathrooms

5

Basement

None

Cooling

None

Exterior Finish

Vinyl siding

Fireplace

No

Foundation

Poured Concrete

Heating Fuel

Electric

Heating

Baseboard heaters

Interior Size

2500 - 3000 sqft

Stories

3

Water

Municipal water

Size Frontage

45 ft ,3 in

Size Depth

52 ft ,2 in

Acreage

No

Landscape Features

Landscaped

Sewer

Sanitary sewer

Amenities Nearby

Park, Public Transit, Schools

• Park
• Public Transit
• Schools
• Water Heater