Who’s looking for a profitable property?
This duplex is so cheap, you can throw it on your line of credit! Close to Pembroke Marina, Ottawa River, Indian River, and Waterfront Park.
How can you profit?
Long Term Rental: Update units on turnover and refinance! Collect around $2500/month plus utilities (for both units combined).
SUMMARY:
– LOCATION: Pembroke, ON (2 hours northeast of Bancroft, 90 min northwest of Ottawa)
– NEW PURCHASE PRICE: $149,900 ($50K Reduction) If You Like It, Make Us ANY Offer.
– CURRENT MARKET VALUE: Nearing $300k
– CLOSING: December 13, 2023 (Some flexibility available. This is an assignment sale.)
– TYPE: 2 Semi Detached Units (Like a duplex)
– Unit A: 3 Bed/1 bath ($1500/month all inclusive). Some renovations done (Has new kitchen, flooring, drywall, etc). Gas furnace.
– Unit B: 1 bed/1 bath ($750/month plus hydro) Needs renos. Baseboard heat.
– PARKING: 2 spots each unit. Separate driveways!
– BASEMENT: Unfinished
– SQFT: 1704 sq. ft.
– LOT: 66′ x 66′
– AGE: 1880
– PROPERTY TAX: Approx $3000/year
RENOVATIONS NEEDED:
– Roof & rafters are ready for an update.
– Some windows need replacing.
– Add laundry.
– Some pest control.
– Update plumbing and electrical.
– Small rear addition may need rebuilding.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate. Ask us for inspection report!
GOOD NEWS:
– It’s cheap!! How often can you buy a duplex for $149k?
– One unit already renovated.
– New stoves and fridges.
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Paul, Myra Afidchao, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.