81 East Avenue , Brantford, ON N3S 3L6
Brantford, ON N3S 3L6
Description
This is a fire rated brick triplex. Unit 1 is rented for $777. A new gas furnace was installed in 2023. It is a long term tenant and the market rent would be $1500. It is the main floor of the original house. Unit 2 is rented for $1333; it is a 2 bed with a balcony. The bathroom was redone about 3 years ago with an oversized shower. It is the total upstairs of the main house. Unit 3 is on the main floor of an addition to the back of the house. it has a covered porch and access to half of the back yard. The unit was totally renovated in 2024 ceiling to floor plus a new f/a gas furnace and central air. I have used a projected rent of $1600. Note: Tenants pay all utilities, gas, hydro and water (separate meters). rent $44450 less costs Taxes $3479, insurance $3000 and water heater rentals $432.n Tot Expense $6911. Net Income $37609 5.85 CAP RATE.
Details
| Mls | 40665417 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Days On Site | 40 |
| Listing Provided By | Royal LePage Action Realty | William Austin |
Features
| Beds | 4 |
|---|---|
| Baths | 3 |
| Sq Feet | 2,145 |
| Basement | Y |
| Storys | 2 |
| Units | 3 |
| Zoning | rc |
| Acreage | 0.14 |
Request A Showing
Request A Showing
Contact
Learn More About This Property
| State | ON |
|---|---|
| County | Brantford |
| City | Brantford |
| Zip Code | N3S 3L6 |
| Area | 2084 Eagle Place |
| Subarea | 2084 Icomm | Market |
| Community Name | 2084 Icomm/Market |
| Listing VS Median (in 2084 Icomm/Market) | |
Price: $644,900 low | high Med: $323,500 SqFt: 2,145 low | high Med: 1,510 $ / SqFt: $301 low | high Med: $152 On Site: 40 low | high Med: 26.500000 | |