$1,535,000
Available - For Sale
Listing ID: X9256092
195-197 Walton St , Port Hope, L1A 1N7, Ontario
| An exceptional opportunity to acquire a turn-key investment property in the thriving community of Port Hope. This multi-residential building boasts seven units, six of which have been completely renovated with modern finishes, attracting quality tenants. All tenants pay their own hydro, reducing landlord expenses. With Port Hope's consistently low vacancy rate, this property offers excellent income stability and growth potential. Strategically located, this property is perfectly positioned to capitalize on Port Hope's growing demand for rental housing. Whether you're a seasoned investor or looking to expand your portfolio, this property is a must-see for anyone seeking a strong return on investment in a robust rental market. Don't miss out on this rare opportunity to secure ahigh-performing asset in this desirable markets. There is further upside to be realized when tenants turn over or by separating heat and water expenses to future tenants. |
| Price | $1,535,000 |
| Taxes: | $12801.65 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 195-197 Walton St , Port Hope, L1A 1N7, Ontario |
| Postal Code: | L1A 1N7 |
| Province/State: | Ontario |
| Lot Size: | 62.80 x 392.37 (Feet) |
| Directions/Cross Streets: | Walton/Pine |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 24641.09 |
| Total Area Code: | Sq Ft |
| Financial Statement: | N |
| Insurance Expense: | $4132 |
| Management Expense: | 8750 |
| Heat Expenses: | $4901 |
| Hydro Expense: | $612 |
| Water Expense: | $3504 |
| Gross Income/Sales: | $129802 |
| Operating Expenses: | $40451 |
| Vacancy Allowance: | 2 |
| Net Income Before Debt: | $86851 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Est |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | N |
| Sewers: | Sanitary |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX JAZZ INC. |
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Massey Baradaran
Broker
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416 821 0606
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905 508 9500
Fax:
905 508 9590
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At a Glance:
| Type: | Com - Investment |
| Area: | Northumberland |
| Municipality: | Port Hope |
| Neighbourhood: | Port Hope |
| Lot Size: | 62.80 x 392.37(Feet) |
| Tax: | $12,801.65 |
| Maintenance Fee: | $3,750 |
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