Investors take note. Looking for a great investment with long term tenants & 4 units generating rental income? That's right. This FOURPLEX is located in-town Trenton & offers a purpose-built 4-unit building. Duplexes are okay, Triplexes are good BUT this is a Fourplex which is the sweet spot for savvy real estate investors. With 4 units you greatly reduce vacancy losses due to more units bringing income. Fully Occupied with good tenants that take great care of the property. Strong monthly revenue produces over $42, 000 of GROSS RENTAL INCOME. Hydro, Water/Sewer are metered separately (Landlord Pays Gas). Cap Rate Over 5.5%. Four units in total, 2 on Main & 2 on Lower. All Units have 1 Bd & 1 Bath, plus main entrances and secondary/emergency exits. Each unit also has their own patio areas plus there is a large, fenced yard that is shared. Unit 1 pays $650/Mth +Hydro & Water/Sewer. Tenant has been there approx. 13Yrs. Unit in excellent condition. Unit 2 is also in great condition & Tenant has been there since Sept. 2021. Tenant pays $875/Month +Hydro & Water/Sewer. Unit 3 has 1 Bd, 1 Bath. Tenant has been there 6.5Yrs & pays $650/Mth +Hydro, Water/Sewer. Unit 4 has was renovated 2022 with new vinyl flooring, new bath & updated kitchen. Tenant pays $1350/Mth +Hydro, Water/Sewer. Great income producing property & excellent tenants. Income statement avail upon request. Add this excellent building to your real estate investment portfolio. You wont be disappointed. EXTRAS Total monthly rental income - $3525. Total annual gross rental income - $42, 300. Expenses approximately $9000 (see income and expenses document). Cap rate/return approximately 5.5%. Immediate possession available. (id:55598)
- ON
- Quinte West
- K8V4R4
- 527 FRONT STREET
- MLS® X9032093
- Date Listed07/10/2024
- Days on Realty 41 Days
- Bedrooms 4
- Bathrooms 4 baths
- Lot Size -
- Sewer Other
- Property Type Quadruplex
- Water Public
Interior Features
- Heating Forced Air, Natural Gas
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Public • PK - 5
0.51 km
Distance
Public • PK - 5
1.09 km
Distance
Prince Charles Elementary School
Public • PK - 5
2.42 km
Distance
V.P. Carswell Elementary School
Public • PK - 5
2.23 km
Distance
Murray Centennial Public School
Public • PK - 8
2.35 km
Distance
Public • PK - 5
2.69 km
Distance
École élémentaire catholique L'Envol
Public • PK - 8
2.69 km
Distance
École élémentaire publique Cité Jeunesse
Public • PK - 5
3.49 km
Distance
Public • PK - 8
6.75 km
Distance
Public • PK - 8
8.17 km
Distance
Public • 6 - 12
1.09 km
Distance
Public • 7 - 12
2.22 km
Distance
École secondaire publique Marc-Garneau
Public • 6 - 12
3.49 km
Distance
St. Paul Catholic Secondary School
Public • 9 - 12
2.22 km
Distance
Private • 7 - 12
1.38 km
Distance
Sales & Tax History
Source: Public Records
Street Address | Beds | Baths | Sold Date | List Price |
---|---|---|---|---|
17 PRINCESS DR | 4 | 1 | Aug 18, 2024 | $445,000 |
44 CAMPBELL DR | 4 | 4 | Jul 17, 2024 | $1,200,000 |
173 LORNE AVE | 3 | 1 | Aug 18, 2024 | $372,000 |
351 MICHAELS WAY | 3 | 2 | Jul 21, 2024 | $1,199,000 |
12 WAYNE CRES | 4 | 2 | Jul 23, 2024 | $649,900 |
18 WATER ST | 4 | 2 | Jul 22, 2024 | $475,000 |
209 DUNDAS ST E | 3 | 2 | Jul 14, 2024 | $425,000 |
71 MICHAELS WAY | 3 | 3 | Jul 23, 2024 | $1,199,900 |
8 WESTMOUNT CRT | 4 | 2 | Jul 16, 2024 | $529,900 |
12 HARRIET ST | 2 | 1 | Jul 24, 2024 | $409,000 |
37/100
Car-Dependent
Walk Score ®
0/100
Minimal Transit
Transit Score ®
47/100
Bikable
Bike Score ®
Overview
Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 13/100, Transit Score: 0/100, Bike Score: 30/100.
Points of interest near 527 FRONT STREET, Quinte West, ON K8V4R4
0.78 km
Distance
0.78 km
Distance
Transport Professional
0.93 km
Distance
395 m
Distance
Brett Park, Quinte West, ON, Canada
Recreation
0.6 km
Distance
Trenton Golf Course, Quinte West, ON, Canada
Recreation Entertainment
0.79 km
Distance
Mount Pelion Park, Quinte West, ON, Canada
Recreation
1.01 km
Distance
Quinte West Youth Centre, Quinte West, ON, Canada
Education Entertainment
174 m
Distance
321 m
Distance
Quinte West Youth Centre, Quinte West, ON, Canada
Education Entertainment
174 m
Distance
Trenton Golf Course, Quinte West, ON, Canada
Recreation Entertainment
0.79 km
Distance
Trenton Pet Hospital, Quinte West, ON, Canada
Professional
277 m
Distance
Transport Professional
0.93 km
Distance
433 m
Distance
0.83 km
Distance
0.98 km
Distance
0.99 km
Distance
Motel 6, Quinte West, ON, Canada
Accommodation
0.7 km
Distance
81 m
Distance
227 m
Distance
354 m
Distance
0.84 km
Distance
1.01 km
Distance
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Frequently Asked Questions for 527 FRONT STREET
Source: Realty.com
527 FRONT STREET, Quinte West, ON K8V4R4 is a Quadruplex, Residential property listed for $599,900 The property is 0 sq. ft with 4 bedrooms and 4 bathrooms
The full address for this home is 527 FRONT STREET, Quinte West, ON K8V4R4.
527 FRONT STREET has been listed on Realty.com since Wed July 10, 2024
Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 13/100, Transit Score: 0/100, Bike Score: 30/100.
Listing provided courtesy of:
ROYAL LEPAGE PROALLIANCE REALTY
(tel: (613) 394-4837)
Listing agent:
JASON BALLAS
(tel: (613) 394-4837)
This content last refreshed on 2024-08-20 09:21:16. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 527 FRONT STREET, Quinte West, ON K8V4R4 : MLS® X9032093