Masoud Ahangar
Broker
$1,049,900
Available - For Sale
Listing ID: X9260914
44 Mary St , Brantford, N3S 3B1, Ontario
| $81,000 in Rental Income. Market Rents with 7% Cap-Rate. RENOVATED FOURPLEX on DOUBLE LOT with TONS of UPDATES. Tenants pay Heat, Hydro & Water. UPDATED Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly vetted tenants with no legacy tenants. Introducing a prime investment opportunity located at the corner of Mary and Peel: a brick 4-plex boasting an extra-large lot for potential expansion. While it may not be suitable for severance, there's room for growth, possibly transforming it into a 7-plex . Don't miss out on this investment opportunity with potential for growth and increased profitability. |
| Extras: Located in a well-established neighborhood, residents benefit from proximity to local amenities such as shops, restaurants, and parks, fostering a convenient and comfortable lifestyle. |
| Price | $1,049,900 |
| Taxes: | $4597.00 |
| Tax Type: | N/A |
| Assessment: | $332000 |
| Assessment Year: | 2023 |
| Occupancy by: | Tenant |
| Address: | 44 Mary St , Brantford, N3S 3B1, Ontario |
| Postal Code: | N3S 3B1 |
| Province/State: | Ontario |
| Lot Size: | 92.00 x 64.00 (Feet) |
| Directions/Cross Streets: | Corner of Mary And Peel |
| Category: | Apartment |
| Use: | Apts-2 To 5 Units |
| Building Percentage: | Y |
| Total Area: | 3207.00 |
| Total Area Code: | Sq Ft |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Taxes Expense: | $4850 |
| Insurance Expense: | $2640 |
| Gross Income/Sales: | $79200 |
| Net Income Before Debt: | $71710 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Est |
| Heat Type: | Elec Forced Air |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
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Masoud Ahangar
Broker
Dir:
416-409-9369
Bus:
647-763-6474
Fax:
888-280-3737
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Brantford |
| Municipality: | Brantford |
| Lot Size: | 92.00 x 64.00(Feet) |
| Tax: | $4,597 |
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