Property Information:
Located in the heart of Peterborough, this well-positioned fourplex offers strong immediate cash flow supported by reliable tenants. The property features a diverse unit mix consisting of one one-bedroom, two two-bedroom, and one three-bedroom unit, with the three-bedroom unit currently vacant and ready for lease at market rent. Once stabilized, the property is projected to achieve a 7.1% cap-rate. Each suite operates on individual baseboard electric heating, with Unit 1 uniquely equipped with its own furnace. All units have separate hot water tanks, and hydro is separately metered, with sub-panels installed for Units 3 and 4. All tenants are responsible for their own utilities, minimizing operating costs and improving net performance.With its balanced unit mix, solid rental structure, and strong in-place income, this property represents a turnkey investment opportunity in a growing and well-established community, ideal for investors seeking dependable returns and long-term stability. (id:27)
Building Features:
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Style:
Multiplex
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Building Type:
Triplex
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Amenities:
Separate Hydro Meters
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Basement Development:
Partially finished
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Basement Type:
N/A
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Exterior Finish:
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Fireplace:
Yes
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Floor Space:
3500 - 5000 sqft
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Foundation Type:
Concrete
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Heating Type:
Baseboard heaters
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Heating Fuel:
Electric
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Cooling Type:
None
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Appliances:
Dryer, Stove, Washer, Refrigerator
