Main St North to Adelaide St to Victoria St At a cap rate of about 7, this 3-Plex with about one year old modified roof, is sure to make your cash flow dreams a reality. Located in a quiet area, across from Victoria park, it has very spacious 3-bedroom apts, one per floor, giving tenants a sense of privacy, comfort and the park scenery. Already updated with electric heat and individual apt meters, every tenant pay own heat, lites and hot water. All electr distribution panels were upgraded in the last 10 yrs. And, how about the buzzing multi-million dollar Shamrock park for soccer, tennis etc, a few hundred feet behind the bldg!. Rents: Apt 1 $975, apt 2 $1,300, apt 3 $1,100. Tax $2,404, elec $471, water $3,127, insurance $1,738. This property would make for a great investment, along the possibility of living in one unit, while the other two helping with the mortgage and bldg expenses. (id:27476)
