$6000 month income. 10 Long Term Tenants 10 occupied bedrooms for cash flow. Highly needed and in demand rooming house situation. Zoning is R3 and currently recognized as a duplex, 3 hydro meters, 3 separate units each with exterior entrances with 5 bedrooms on 1st and 2nd floor apts. The property is being sold as is with the current long term tenant arrangement -10 occupied rooms @$6000 month, $72000yr. approx $58k Net after taxes, utilities etc. Highly tenantable area with transit and walking distance to grocery, doctors, amenities. 42x96 lot with single drive leading to open rear yard parking. the 1 bed basement apartment is vacant buyer to do their own due diligence on conversion. The basement apt was added by the previous owner, it may need some fire separation retro-fit and an electrical inspection.
Data was last updated November 16, 2024 at 09:50 PM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$699,900
Min list price:
$375,000
Max list price:
$1,999,999
Avg days on market:
61
Min days on market:
3
Max days on market:
516
Avg price per sq.ft.:
$385.04
These statistics are generated based on the current listing's property type
and located in
451 - Downtown. Average values are
derived using median calculations.
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