24 Duke Street , Brantford, ON N3T 3T4
Brantford, ON N3T 3T4
Description
Investment Opportunity: Fully Rented Turnkey Income Property! Featuring four units, two of which have been recently updated. The property boasts a respectful tenant profile and currently generates an impressive gross income of $59,004 annually from residential units alone. Additionally, there is potential income from a coin-operated washer and dryer, estimated at approximately $1,800 per year. This property also offers the opportunity to rent out a detached two-car garage with a loft area, which was previously leased for $200 per month, providing further income potential. Key Updates: Roof replacement in 2020, Garage roof/eaves updated in 2022, 2 new furnaces in 2022, On-demand hot water tank in 2023, Unit 1: Main bath shower/bathtub surround updated in 2023; macerating toilet installed in lower bathroom in 2022, Unit 2: Kitchen flooring updated in 2022, Common area flooring and paint refreshed in 2022, Main home eavestroughs replaced in 2022. The property offers convenient parking for three vehicles in the driveway, along with space for two additional vehicles in the garage. This well-maintained income property presents a solid investment opportunity with reliable cash flow and room for growth. Don’t miss the chance to add this asset to your portfolio.
Details
| Mls | 40658007 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Days On Site | 60 |
| Listing Provided By | RE/MAX Escarpment Realty Inc. | Jess Fabrizio |
Features
| Beds | 5 |
|---|---|
| Baths | 4 |
| Sq Feet | 2,504 |
| Basement | Y |
| Storys | 2 |
| Units | 4 |
| Zoning | RC |
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Learn More About This Property
| State | ON |
|---|---|
| County | Brantford |
| City | Brantford |
| Zip Code | N3T 3T4 |
| Area | 2040 Terrace Hill | E & N Wards |
| Subarea | 2041 Terrace Hill |
| Community Name | 2041 Terrace Hill |
| Listing VS Median (in 2041 Terrace Hill) | |
Price: $649,900 low | high Med: $599,900 SqFt: 2,504 low | high Med: 2,255 $ / SqFt: $260 low | high Med: $266 On Site: 60 low | high Med: 179.000000 | |