18 Gordon St
Belleville, K8P3E3
For Sale
$795,000
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Apartment
CATEGORY4,000 Sq Ft
TOTAL AREAX11964459
MLSIDContact Us
Property Description
6-plex residential investment opportunity. This is a cash flowing turnkey, offering 6 individual units (1 two bedroom unit & 5 one bedroom units) Each unit boasts a very similar design and separate heat controls/hydro meters. Current gross rent is $87,000 per year with No Vacancies. Very easy to manage.
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Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
R4
Total Area
4,000 Sq Ft
Lot Size
50' x 127'
Taxes
$4,650 (2024)
Washrooms
6
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Listing contracted with Tfn Realty Inc.
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Many want-to-be-real-estate-investors will use all 10 fingers and all 10 toes to find a reason NOT to invest. Don't be that investor. Put those digits (and your spreadsheets) to good use.Take a look at this nicely updated triplex in the heart of Belleville. It brings in market rent, and tenants pay their own water, sewer, heat and hydro utilities. Upstairs tenant is vacating on May 1, giving the new owner an opportunity to live and earn, or set your own rent for a new tenant. A metal roof was added in 2017, as well as 2 new gas furnaces. More recent updates include windows, flooring, kitchens, bathroom updates, a new gas fireplace for the upstairs unit and new side decks for the lower units. Each unit has its own laundry. Even better this beautifully maintained property includes plenty of parking and is walking distance to shopping. Public transit stops here. If you've been looking for an easy, cash-flowing investment, you've found it.
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