5366 King Street

Beamsville, Ontario, L0R1B3, Canada

$999,900

ATTENTION INVESTORS - DIVERSIFY YOUR INVESTMENT PORTFOLIO – OVER 5% CAP RATE – long term tenants and rarely offered purpose built 4-Plex in Beamsville on the Wine Route. Each unit ranges in size from 760 – 775 square feet and offers 2 bedrooms, full 3 or 4-piece bathroom, kitchen, dining area and family room with fireplace insert. Two lower units were renovated in the past 5 years top to bottom, other 2 upper units show well and have small walk out patios. Serene setting with ravine, beautiful storage shed, additional lean to for storage and older storage shed also on the property. Recently installed and approved septic tanks along with armour stone wall in front of 10 car parking. All 4 units are occupied and on month-to-month leases with the same tenants in place from 3-5 years. Additional income from coin operated washer and dryer. Each unit contains fridge and stove and are heated by baseboard heat but with secondary heating from gas fireplace insert. Great addition to any investment portfolio or for the savvy investor live in one unit and rent the other 3 units. Call to book an appointment today!

EXTRAS: Ravine, Conservation/green belt, Double width or more driveway, Paved driveway, Country residential, Laundry- Coin operated, In-Law Suite

Virtual Tour: https://www.myvisuallistings.com/vtnb/343119

Last updated on : Wednesday 27th of March 2024 09:07:32 AM

ADDRESS

Street : 5366 King Street

City : Beamsville

Province : Ontario

Country : Canada

Postal Code : L0R1B3

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PROPERTY SUMMARY

Property ID : H4189024

Building Type : Fourplex, Detached

Property Type : Multi-family

Parking : 10

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