$1,300,000
Available - For Sale
Listing ID: X12151667
195-197 Walton Stre , Port Hope, L1A 1N7, Northumberland
| An exceptional opportunity to acquire a turn-key investment property in the thriving community of Port Hope. This multi-residential building boasts seven units, all units have been completely renovated with modern finishes, attracting quality tenants. All tenants pay their own hydro, reducing landlord expenses. With Port Hope's consistently low vacancy rate, this property offers excellent income stability and growth potential. Strategically located, this property is perfectly positioned to capitalize on Port Hope's growing demand for rental housing. Whether you're a seasoned investor or looking to expand your portfolio, this property is a must-see for anyone seeking a strong return on investment in a robust rental market. Don't miss out on this rare opportunity to secure a high-performing asset in this desirable markets. There is further upside to be realized when tenants turn over or by separating heat and water expenses to future tenants. ***MOTIVATED SELLER Opportunity to bundle multiple listings for a better CAP and price. See MLS listings X12151686, X12151707, X11893749, X12151667. Willing to sell these 27 units at an overall reduced price. |
| Price | $1,300,000 |
| Taxes: | $12801.65 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 195-197 Walton Stre , Port Hope, L1A 1N7, Northumberland |
| Postal Code: | L1A 1N7 |
| Province/State: | Northumberland |
| Legal Description: | PT TOWN PLOT LT 66 PL STEWART PORT HOPE |
| Directions/Cross Streets: | Walton/Pine |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 24641.09 |
| Total Area Code: | Square Feet |
| Management Expense: | 8831 |
| Water Expense: | $5376 |
| Vacancy Allowance: | 2523 |
| Net Income Before Debt: | $78549 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX JAZZ INC. |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Northumberland |
| Municipality: | Port Hope |
| Neighbourhood: | Port Hope |
| Tax: | $12,801.65 |
| Fireplace: | N |
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