41 Charlotte Street Brantford, Ontario N3T 2W4
$899,900
Well managed and maintained 6 plex consisting of 6 self contained units (3 one BR and 3 two BR) each with their own private entrance and no common area. Each unit pays their own heat and hydro all separately metered. Large private parking at the rear of the building. New roof in 2021, Updated windows, electrical, and 4 forced air gas furnaces installed in around 2010. Tenant demographic is mature and quiet. 4 units are heated with forced air gas heat and the upper 2 units are electric heat. Yearly gross rental income: $74,280, building insurance: $5013.36, property taxes: $5127.15, Water, sewer and hot water: $3972.90. Net income: $60,166.59. CAP rate: 6.68% rental income will be raised by 2.5% as of January 1, 2023 providing an additional yearly income of $1857. Located downtown Brantford, close to post secondary schools. (id:47723)
Property Details
| MLS® Number | 40308537 |
| Property Type | Multi-family |
| Equipment Type | Water Heater |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 6 |
| Bedrooms Total | 9 |
| Basement Type | None |
| Constructed Date | 1856 |
| Cooling Type | None |
| Exterior Finish | Brick, Stucco, Vinyl Siding |
| Fire Protection | None |
| Foundation Type | Stone |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 3492 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 133 Ft |
| Size Frontage | 66 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C2 |
https://www.realtor.ca/real-estate/24838794/41-charlotte-street-brantford
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September 06 2022 09:12:54
Brantford Regional Real Estate Assn Inc
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