121 Station St
Belleville, K8N 2S9
FOR SALE
$899,900
Sold
$900,000
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7
BEDROOMS7
BATHROOMS7
KITCHENS7
ROOMSX8369506
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-24 | 2024-08-30 | 98 | $899,900 | $900,000 | Sold |
| 2022-09-10 | 2022-12-09 | 91 | $869,900 | - | Expired |
| 2022-07-12 | 2022-09-13 | 63 | $899,900 | - | Terminated |
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Property Description
With Rents On The Rise, Buy-And-Hold Rental Investment Is A Shining Star In Today's Real Estate Market. Once In A Great While, We Find An Income Property Like This One. Owned By The Same Family For Over 40 Years This 6-7 Unit Property Is A Solid Moneymaker. Currently, There Are 4-1 Bedroom Units & 2 Bachelors. The 7th Is Currently The Owner's Office And Could Be Rented As A Studio/Room At $800/Month. All Units Have Separate/Private Entrances (No Hallways or shared entrances). With A Potential Gross Income Of $96,000 The Property Nets Approximately $72,000 Before Financing With A Cap Of Almost 9%. The Property Is In Excellent Condition, With All Wiring and plumbing updated. 2 Units Are Newly Refreshed, and 1 has just been renovated. Mostly at market rents and with increases possible on turnovers. Great tenants who are all working folks or retirees. Very clean, well-kept property, creating worry-free cash flow.
Property Features
Hospital, Park, Public Transit, Rec Centre, School, School Bus Route
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Property Details
Street
City
Property Type
Multiplex, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
36' x 127'
Acreage
< .50
Fronting
East
Taxes
$4,447 (2024)
Basement
None
Exterior
Stone
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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