Approx. going-in cap rate of 6.2% @ $137k/unit. 4x 1-bedroom units, approx. 700 sqft each. An add-value investors ideal next project. Approx. 31% lift on overall rent roll once stabilized. Hydro is separately metered; however, the landlord currently pays - opportunity to pass this expense to tenants in the future to decrease overall expenses and increase NOI. Steel Roof (2014) , Furnace (2021). 3 Parking spots. (id:31697)
| MLS® Number | X9005222 |
| Property Type | Multi-family |
| ParkingSpaceTotal | 4 |
| BathroomTotal | 4 |
| Appliances | Refrigerator, Stove |
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| SizeInterior | 4908.34 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 105 Ft |
| SizeFrontage | 56 Ft |
| SizeIrregular | 56.08 X 105.04 Ft |
| SizeTotalText | 56.08 X 105.04 Ft |
| ZoningDescription | A |
https://www.realtor.ca/real-estate/27113187/442-444-montreal-street-kingston
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