Overview
- Updated On:
- January 27, 2025
- 4 Bedrooms
- 3 Bathrooms
- 2,145 ft2
Description
This is a fire rated brick triplex. Unit 1 is rented for $777. A new gas furnace was installed in 2023. It is a long term tenant and the market rent would be $1500. It is the main floor of the original house. Unit 2 is rented for $1333; it is a 2 bed with a balcony. The bathroom was redone about 3 years ago with an oversized shower. It is the total upstairs of the main house. Unit 3 is on the main floor of an addition to the back of the house. it has a covered porch and access to half of the back yard. The unit was totally renovated in 2024 ceiling to floor plus a new f/a gas furnace and central air. I have used actual rent of $1500.
Note: Tenants pay all utilities, gas, hydro and water (separate meters).
rent $43320 less costs Taxes $3479, insurance $3000 and water heater rentals $432.n Tot Expense $6911. Net Income $36409.
5.6 CAP RATE.
- Principal and Interest
- Property Tax
- HOA fee
