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$529,900
Property ID: 100855499
48 CONNAUGHT ST
Kingston, ON K7K 4W2
Style: Multi-Family
MLS® ID: 13602603
Legal 8 Plex multi family apartment building with 4 - 1 bedroom units, 3 - 2 bedroom units, and 1 - 3 bedroom unit. This building has separate meters, new efficient gas boiler furnace, newer appliances in most units, parking for all units, great downtown location, and 2 blocks north of princess st. The building is fully rented and hardly ever has any vacancies. The roof has been recently resurfaced and the garage part of the property has new shingles (2011) and provides the owner with a place to store materials or could easily be rented for additional revenue. Gross rents are just below $74,000 / year. The owner has done lots of work in the recent years. Great income, great numbers on this one!
General Information
MLS® ID: 13602603
Style: Multi-Family
For Sale / Rent: For Sale
Status: Active
Stories: 0
New Construction: No
Lot Information
Lot Size: 33` X 112`
Financial Considerations
Estimated Annual Taxes: $9,600
Access
Municipal Road
Age
26 50
Exterior
Vinyl
Features
Smoke Detector
Outbuildings CO Detector
Flooring
Laminate
Foundation
Full
Heating
Radiator Boiler
Insurance
3400
Other
Zoning - Multi Fami
Total Rental Income - 74016 Taxescosts - 9600
Tax Year - 2012 Other Costs - 13000
Num Rentals - 8 Approximate Total Expenses - 28000
Approximate Net Income - 46016 3-Bed Units - 1
2-Bed Units - 3 1-Bed Units - 4
Sewer
Municipal
Type
6 - 12 Units
Water
Municipal
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