Start cashing in each month with the purchase of this income producing triplex located on the corner of beautiful Maple ave and Church street W in Smiths Falls. This side by side triplex is ideally located steps away from the downtown core on a corner lot. Each unit has a private deck, parking and laundry hook ups. Unit 21 Church is currently tenanted with a long term, great tenant who pays ($940.25) plus heat and hydro. 23 Church St is a VACANT 2 bedroom plus den apartment and 25 Church is also a VACANT 2 bedroom plus den apartment allowing new owners to set the rent rate and welcome new tenants. There are two water mains going into the building, one servicing 21 Church and the other servicing 23 and 25 Church Street, which could allow for tenants to pay their own water in the future. With an 11% cap rate this is an excellent property to add to your portfolio. This property has the potential to gross $53,283 a year. Book a showing today! (id:6673)
| MLS® Number | X12167317 |
| Property Type | Multi-family |
| Community Name | 901 - Smiths Falls |
| AmenitiesNearBy | Schools |
| CommunityFeatures | Community Centre |
| ParkingSpaceTotal | 3 |
| Structure | Deck |
| BathroomTotal | 3 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Meter, Stove, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 3500 - 5000 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 83 Ft |
| SizeFrontage | 60 Ft |
| SizeIrregular | 60 X 83 Ft |
| SizeTotalText | 60 X 83 Ft |
| Sewer | Installed |
Contact us for more information
Tegan Mackey
Salesperson
Stuart Nesbitt
Salesperson
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