171 Nelson Street

Build Wealth with this High-Performing Income Property! An impressive all-brick fourplex sitting on a 0.25 of an acre lot with over 80 feet of frontage, a 44’6” x 28’6” detached garage/workshop, a wraparound covered front porch, and plenty of parking. This outstanding 3,941sq.ft. income-producing powerhouse generates over $100,000 in annual rental income and a fantastic 12.27% cap rate. The rental income is as follows: Basement Unit: $1,350/month + hydro; Main Floor Unit: $2,200/month all-inclusive; 2nd Floor Unit: $2,750/month all-inclusive; Attic Unit: $1,500/month + hyrdo(tenant recently vacated and it was left vacant by the current owner so the new owner can choose their own tenant and rent at the market rate). The financials for the property are attached to the MLS listing for your realtor to access for you and a copy is also available upon request. Whether you’re growing your portfolio or purchasing your first investment property, this fourplex offers a cash-flow opportunity that rarely becomes available. Don’t miss out on this lucrative investment property! Book a viewing today! (id:64869)