58-60 Elgin Street Belleville, Ontario K8P 4B2
$4,595,000
With rents climbing and rental supply, tight residential income property is still a solid investment. This 24-unit property has a solid tenant base and all units are separately metered. Tenants pay their own hydro. The property has been personally managed by the owner for many years. It's just time for him to take a break and play some golf. Potential Gross of almost $300,000. Potential Net around $200,000. Financial pro forma is available. (id:47723)
Property Details
| MLS® Number | 40304753 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Communication Type | High Speed Internet |
| Community Features | Community Centre, School Bus |
| Equipment Type | None |
| Features | Park/reserve, Laundry- Coin Operated |
| Parking Space Total | 24 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 24 |
| Bedrooms Total | 46 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 291 Ft |
| Size Frontage | 203 Ft |
| Size Total Text | 1/2 - 1.99 Acres |
| Zoning Description | R6 |
Utilities
| Cable | Available |
| Electricity | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24737576/58-60-elgin-street-belleville
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August 04 2022 08:42:32
Quinte & District Association of REALTORS® Inc.
Royal LePage Proalliance Realty, Brokerage