493 COLLEGE Street

Kingston, 14 - Central City East

描述

Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today.

This multiplex home located at 493 COLLEGE Street, Kingston, ON K7L 4M8 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$2M. It has 11 beds, 4 bathrooms, and is 2000-2500 square feet. The property is N/A years old. 493 COLLEGE Street, Kingston, ON K7L 4M8 is in Kingston neighborhood 14 - Central City East.