170 College St W Belleville, Ontario K8P 2G8
$749,000
Legal 5-plex in a great central location in Belleville. This brick 2951 sq ft. 2 story is on a main bus route and close to schools, shopping & the 401. A well-maintained property comprised of a large 2- bedroom & four 1-bedroom apartments. The property has some great features & updates including 5 owned HWTs. Two high-efficiency natural gas furnaces (2021). Metal roof (2020). All units are separately metered for hydro & water. Paved parking for 6-7 vehicles,one with recycled asphalt (2017) . Most windows & Exterior doors are newer. 4 of the 5 apartments have been updated with laminate & vinyl flooring, LED lighting & plumbing fixtures. Upstairs apartment renovated in 2023.Keyless entry on 3 apartments. Tub surrounds in 2 units. Fire-rated furnace room with sprinklers for fire compliancy. Some newer appliances. Three of the four ground-floor apartments have large partially fenced private yards. Most are long term tenants who all pay for their own water & hydro. Landlord pays gas heat. **** EXTRAS **** 5 Glendale & basement (utility area) available for viewings prior to receiving an accepted offer. A great income property with a 5.3% cap rate at asking price. Electric baseboards not use. Current rents still have real growth potential. (id:27910)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X8065516 |
| Property Type | Multi-family |
| Amenities Near By | Highway, Public Transit |
Building
| Bathroom Total | 5 |
| Cooling Type | Partially Air Conditioned |
| Size Exterior | 2958 Sqft |
| Size Interior | 2958 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Irregular | Bldg=86.33 X 124.3 Ft |
| Size Total Text | Bldg=86.33 X 124.3 Ft |
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April 11 2024 05:29:41
Durham Region Association of REALTORS®
RE/MAX Quinte Ltd.