A UNIQUE OPPORTUNITY TO ACQUIRE THE
BEST 6 PLEX CURRENTLY ON THE MARKET .
The Property is located in Scarborough near St Clair & Bircmount, within easy access to schools, shopping, and major roads. Downtown Toronto, vibrant Danforth and Lake Ontario are also within easy driving distance.
Building consists of four large and bright 2 bedroom units and two large spacious 1 bedroom units. The roof was replaced in 2010 and the windows were replaced in 2008 with double pane vinyl . The steel front and rear entrance doors also recently replaced.
The property has a large 73.5 ft X 140 ft lot allowing for landscaping and comfortable parking for 7 vehicles. There are 8 security cameras that monitor the property 24/7 and are accesible remotely by the owner.
All units have hardwood floors. Several units have been renovated with new laminate floors. 6 fridges and 6 stoves included. Hallways are ceramic tile floors. Upgraded electrical panels with circuit breakers. Coin operated washer and dryer owned and included in sale.
GROSS INCOME: $104,112
ANNUAL EXPENSES: $18,670
NET INCOME: $85,442 = 4.5 Cap
Several rents in the building are below the average rent in the area and can, in time be increased to reflect market rents.
**Unit 201 can be vacant on closing for owner occupancy.
Asking Price: $1,895,000
Financing: Consider clear.