264 Coleman St Belleville, Ontario K8P 3H7
$519,000
Unlock a promising investment opportunity in Belleville with this turnkey duplex, projecting a robust 6.5% cap rate before financing. This asset comprises a 4-bedroom main house and a newly built bachelor unit, each with independent utilities and ready to rent out, requiring no additional upgrades or renovations required. The property is fresh to market with new paint, carpeting, and significant updates including a new kitchen and bathroom in the studio (2020), and a new hot water tank in the main unit (2023). Anticipate a monthly rental income potential of $3,200+ , with the bachelor and main units' last conservative rents fetched $915+utilities and $1970+utilities respectively ( current hot rental market can bring anywhere from $3,200-$3,600). The heated garage is an added perk. Step into a hassle-free investment with attractive returns from day one, and let this fully prepared duplex start working for you. Studio apartment heat: Electric**** EXTRAS **** New Studio Built (2020: New kitchen, bathroom) Main unit Freshly painted (2023), Hot water tank studio 2020, New Main unit hot water tank (2023) , heated garage, fully legally separated studio unit (id:41912)
Property Details
| MLS® Number | X7048514 |
| Property Type | Multi-family |
| Parking Space Total | 3 |
Building
| Bathroom Total | 1 |
| Size Exterior | 1800 Sqft |
| Size Interior | 1800 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | Bldg=50 X 100 Ft |
| Size Total Text | Bldg=50 X 100 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | Measurements not available | ||
| Second Level | Bedroom 2 | Measurements not available | ||
| Second Level | Bedroom 3 | 3 ft ,3 in | Measurements not available x 3 ft ,3 in | |
| Second Level | Bedroom 4 | -22 | ||
| Main Level | Kitchen | 5 ft | 4 ft ,7 in | 5 ft x 4 ft ,7 in |
| Main Level | Dining Room | Measurements not available | ||
| Main Level | Living Room | -19 | ||
| Main Level | Other | Measurements not available |
https://www.realtor.ca/real-estate/26125900/264-coleman-st-belleville
Courtney Jeffrey
(705) 328-7158
9AM-9PMEVERYDAY
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October 03 2023 04:30:35
Durham Region Association of REALTORS®
Century 21 All-Pro Realty (1993) Ltd.
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