ON > Kingston (east Of Sir John A. Blvd) > 22 - East Of Sir John A. Blvd
Kingston (east Of Sir John A. Blvd), ON K7K4A2,341 DIVISION STREET
Kingston (east Of Sir John A. Blvd), ON K7K4A2,341 DIVISION STREET
Kingston (east Of Sir John A. Blvd), ON K7K4A2,341 DIVISION STREET
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Adam Vetter

Adam Vetter

+1(403) 872-4392
$669,900
Est. payment /mo
4 Beds
3 Baths
1,500 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $446

Subdivision 22 - East Of Sir John A. Blvd

MLS® Listing ID X12615750

Bedrooms 4

Source Kingston & Area Real Estate Association

Property Description

Attention Investors and Queen's University Parents! Beautifully kept cash-flowing legal non-conforming triplex in prime downtown Kingston location! Aggressively priced and fully rented with a 7.28% cap rate and immediate cash flow. Unit #1 (1BR): $1,600/month, Unit #3 (1BR): $1,600/month, Unit #2 (2BR): $1,900/month for a total gross income of $61,200 annually. Operating expenses are $12,440 (Taxes: $4,568, Insurance: $2,210, Utilities: $5,662) for an NOI of $48,760 with upside potential to $55,000+ through strategic rent increases. Each unit features in-suite laundry and dedicated parking-a rare combination that commands premium rents. The building is in excellent condition with extensive recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. High ceilings and exposed brick throughout make units highly attractive to tenants. This is a turnkey investment with quality tenants in place, low operating costs, and strong cash flow from day one. Perfect for first-time multi-family investors or experienced landlords looking for a solid performing asset in Kingston's strong rental market. Easy showings available-call, text, or email to book your viewing. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 2

Sewer Sanitary sewer

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Adam Vetter

Adam Vetter

+1(403) 872-4392

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