Great duplex with a solid income. Gross income over $41,000 and has a cap rate of 7%. Net income of $30,000 a year carries the mortgage. Completely renovated in 2021 - all new kitchens, bathrooms, flooring, drywall and roof. New air conditioning in 2024. Main floor offers a large one bedroom unit with 9' ceilings, private laundry, basement storage and private parking at rear of building. Main floor is currently vacant and was rented for $ 1600 inclusive. Second floor contains two large bedrooms, in-unit laundry and private parking at the front of the building. Currently rented for $1850 inclusive. Building has been inspected by fire department and city building officials. Expenses: hydro - $2266, gas -$1537, water/sewer -$1383, taxes - $2311, insurance - $1032. Rear parking is by deeded right of way to private gravel drive. (id:58726)
MLS® Number | X12058283 |
Property Type | Multi-family |
Community Name | Owen Sound |
ParkingSpaceTotal | 2 |
BathroomTotal | 2 |
BedroomsAboveGround | 3 |
BedroomsTotal | 3 |
Appliances | Water Heater, Dryer, Two Stoves, Two Washers, Two Refrigerators |
BasementDevelopment | Unfinished |
BasementType | N/a (unfinished) |
ExteriorFinish | Brick |
FoundationType | Stone |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
StoriesTotal | 2 |
SizeInterior | 1100 - 1500 Sqft |
Type | Duplex |
UtilityWater | Municipal Water |
No Garage |
Acreage | No |
Sewer | Sanitary Sewer |
SizeDepth | 83 Ft |
SizeFrontage | 18 Ft ,4 In |
SizeIrregular | 18.4 X 83 Ft |
SizeTotalText | 18.4 X 83 Ft |
Level | Type | Length | Width | Dimensions |
---|---|---|---|---|
Second Level | Kitchen | 3.58 m | 1.9 m | 3.58 m x 1.9 m |
Second Level | Living Room | 4.14 m | 4.19 m | 4.14 m x 4.19 m |
Second Level | Bedroom | 5.02 m | 2.38 m | 5.02 m x 2.38 m |
Second Level | Bedroom 2 | 3.65 m | 2.64 m | 3.65 m x 2.64 m |
Second Level | Bathroom | 1.82 m | 2.13 m | 1.82 m x 2.13 m |
Ground Level | Kitchen | 4.14 m | 2.2 m | 4.14 m x 2.2 m |
Ground Level | Living Room | 4.14 m | 4.92 m | 4.14 m x 4.92 m |
Ground Level | Bedroom | 3.45 m | 3.47 m | 3.45 m x 3.47 m |
Ground Level | Bathroom | 3.35 m | 1.9 m | 3.35 m x 1.9 m |
Cable | Installed |
Sewer | Installed |
https://www.realtor.ca/real-estate/28112334/353-11th-street-e-owen-sound-owen-sound
Randy Byars
Broker