170 COLLEGE STREET W

Belleville, Ontario, K8P2G8, Canada

$728,000

Legal 5-plex in a great central location in Belleville. Sitting on a main bus route, close to schools, parks, shopping & the 401. This well-maintained property comprised of a large two-bedroom & 4 1-bedroom apartments. Three of which have large, partially fenced private yard areassome great features & updates in the last few years, including 5 owned HWTs. Separately metered, all tenants pay for their hydro & water, two high-efficiency natural gas furnaces(2021). The landlord pays heat. Metal roof(2020) Paved parking for 6-7 vehicles, one with recycled asphalt(2017). Most windows & Exterior doors are newer. Four of the five apartments have been updated, including the upstairs apartment in 2023. Laminate & vinyl flooring, LED lighting & newer plumbing fixtures..Keyless entry on three apartments. New tub surrounds in 2 units. Fire-rated furnace room with sprinklers for fire compliance. Some newer appliances. Most are long-term tenants. Managed by a local PM company. Turn key property with a 6.1% cap rate.

EXTRAS 5 Glendale & basement (utility area) available for viewings prior to receiving an accepted offer. A great income property with a 6.1% cap rate. Electric baseboards not used. Current rent amounts still have real growth potential.

Last updated on : Monday 13th of May 2024 09:43:54 PM

ADDRESS

Street : 170 COLLEGE STREET W

City : Belleville

Province : Ontario

Country : Canada

Postal Code : K8P2G8

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PROPERTY SUMMARY

Property ID : X8314448

Building Type : Multi-Family

Property Type : Multi-family

Bathrooms : 5

Parking : 7

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