Description

Incredible! Fully Vacant Upon Closing Little Italy Fourplex Set To Achieve A 6.51% Cap Rate And $2,465 In A Premium Neighbourhood With A Prevailing Cap Rate Under 4.9%! R4 Zoning. Massive Growth Area! Cranes In The Air Everywhere, Residential Infill On Every Street, Huge Condo Projects Underway. Hardwood Flooring Throughout; Ceramic Tile Kitchens, Bathrooms, And Showers. 4+ Private Surfaced Parking Spaces. All Units Sold Furnished. Projected Rents: Unit #1 (1 Bed) $1,595; Unit 1B (1 Bed) $1,645; Unit 2 (1 Bed W/O Living Rm) $1,495; Unit 3 (1 Bed) $1,595. Average $175/Month Laundry Income. Gross Income $6,505/Month Or $78,060/Year. All Expenses Total $13,005. Net Income $65,055. Cash Flow After Finance $29,575/Year Or $2,465 Monthly Cash Flow. Can Be Sold Together At Buyer's Option With Mls#1283752. Offers Presented Monday April 4 At 1Pm; Seller Reserves The Right To Review & Accept Pre-Emptive Offers.