For sale

Description

INVESTOR ALERT! Welcome to a prime investment opportunity in Huntington Hills on a corner lot! This 6-plex offers a lucrative venture for an investor. Four 2 bdrm, one 1bdrm. and one 3 bdrm unit. Each unit features its own private entry, eliminating common hallway areas and ensuring tenant privacy. Currently, the rental rates are below market value, presenting a significant opportunity for rent increases. Projected future rents gross rent of $9600, with potential for even greater returns. The current rent is $ 8900. Tenants pay water, gas, and electric expenses, and all units are independently metered. The only monthly cost related to utilities is the garbage removal / recycling averaging just under $294 per month in 2023. Newer roof replaced in October 2021. All units have a balcony and a dedicated parking stall have a plug in. 6 washer and dryer, 6 fridges, stoves, 6 hood fans, 6 fridges are included. Good size bedrooms and a 4 pc.bath is located on the lower level. Low annual maintenance costs. Some long term tenant Convenient location for access to public transportation to downtown, walking distance to two elementary schools., parks, and shopping malls. Easy turn key investment property. (id:51913)

Key Details

  Multi-Family
 3383.8 sqft

Price

$1,649,800

Property Features

  • MLS® Number A2130811
  • Price $1,649,800
  • Square Footage: 3383.8 sqft
  • Property Type: Multi-Family
  • Community Name: Huntington Hills
  • Parking Space Total 6
  • Plan 686lk
  • Total Buildings 1

Buildings

Constructed Date 1975 Construction Material Wood Frame
Exterior Finish Brick, Metal Foundation Type Poured Concrete
Heating Fuel Natural Gas Heating Type Forced Air
Size Exterior 3383.8 Sqft Size Interior 3383.8 Sqft
Total Finished Area 3383.8 Sqft Type Multi-family

Land

Acreage No Size Depth 37.52 M
Size Frontage 26.29 M Size Irregular 807.00
Size Total 807 M2|7,251 - 10,889 Sqft Size Total Text 807 M2|7,251 - 10,889 Sqft
Zoning Description M-c1

Agents and Offices

  • Ron D'Mello
  • Office: Diamond Realty & Associates Ltd.
Address

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