12 Richard St, Quinte West, Ontario K8V 1V1

Listed for:
$499,900
4 beds
2 baths
Listed 18 days ago
Duplex for rent: 12 Richard St, Quinte West, Ontario K8V 1V1

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Learn more about this property
Listing provided by:
ROYAL LEPAGE PROALLIANCE REALTY
MLS® number:
X8251202
Agent:
Jason Ballas
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About

Solid investment opportunity with this brick & stucco side-by-side duplex. One unit fully occupied & the other unit recently empty & ready for the next owner to choose their own tenant & set their own rents. No need to assume tenancies with rents far too low, this multi-residential home can provide positive cash flow right away. Both units metered separately for: gas, hydro & water/sewer. Unit A is a 2 bed, 1 bath, 2sty unit with tenant paying $1600/mth ++. Tenant has been in place since Dec. 2023 & has a 1yr lease. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is vacant & ready for the open market. This bungalow layout has 2 bdrms, 1 bath, formal living rm & dining rms, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: hdwd flooring, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Great addition to your investment portfolio. **** EXTRAS **** Projected rent for vacant unit is approx. $2000/mth++ for a total potential GROSS rent of $43,200 annually. Duplex includes: 2 fridges, 2 stoves, 2 sets of washers/dryers, 2 HWTs (all owned by Landlord). Minimal landlord expenses. (id:27476)

Property Highlights

Type
Duplex
Cooling type
Central air conditioning
Heating fuel
Natural gas
Fireplace
No
Construction material
Brick, Stucco
Parking space
2
Ownership Type
Amenities nearby
Hospital, Marina, Park, Schools

Location