Cross Streets: Pine Street and East Street. ** Directions: Come off the 401 at the Wal-Mart exit and turn left at the light and left at the next light. Once on North Augusta, you will come down to King St, where you will turn right, heading west. Fourth Street to your right is East and turn right onto Pine. Calling All Investors! Rare 6-Plex + Additional Lot with Approval for 8-Unit Build-Exceptional opportunity for savvy investors. This 6-unit residential income property can be financed as residential with select lenders, making acquisition more accessible and cost-effective. Bonus: The adjacent lot is included and is zoned to allow the construction of an 8-unit building, offering outstanding potential for future development and long-term portfolio growth. Located in a prime area, just a short walk to the St. Lawrence River and downtown amenities, this property attracts strong tenant demand. Property Features-Six total units: Five (5) two-bedroom units and one (1) one-bedroom unit - Ample parking is available for tenants. Most tenants pay their own hydro (5 out of 6). Four units are currently tenant-occupied, and 1 unit is for the owner (who will be renting it out shortly), providing immediate rental income. Strong rental area with high walkability and proximity to waterfront, shops, and services. This is a rare chance to secure a cash-flowing multi-unit property with built-in development potential. Perfect for investors seeking both stable income and future expansion opportunities. All tenants are month-to-month. 2 units are ready to be rented. Property Taxes - $5465.12 a year, Heat - approx. $3000.00 - hot water gas, Hydro - approx. $1400.00, Insurance - $3200.00 a year, Water and Sewage - approx. $1900.00. Total expenses for the year approximately $14,965.12. Laundry income approximately 800-900 a year (id:27476)
