725 King Street, Port Colborne ON L3K 4J1

Description

This triplex conveniently located on the west side of growing Port Colborne is the perfect addition to any investor’s portfolio. Whether you want to continue renting out all three units, or live in the large back unit and have the other renters pay your mortgage, this is an excellent opportunity either way. Bottom units can be joined to create one large main floor living area. Plenty of upside potential for massive returns in the future. Bottom two units rent for $622 respectively and upper unit is rented for $1100. All tenants pay their own hydro. Total rent per month $2344. Plumbing has been updated to ABS and Pex, hot water heat, and four separate meters. Crawl space has been recently insulated and lined with vapor barrier. Units have been well maintained and the lower rentals are extremely reliable and help maintain the property including landscaping and grass cutting. This is a solid building with minimal maintenance.