Who’s looking for a profitable property?
These 2 Duplexes (neighbouring houses!) have the ideal rental units for industrial workers as the properties are located near dozens of industrial plants. It is also a 5 minute drive to the USA border. Casino, big box stores, grocery, and the Sault College are nearby.
Are you an aspiring investor trying to dip your toes in the water? Here’s a way for you to OWN FOUR UNITS FAST AND CHEAP.
How can you profit?
1) Keep as a rental: One duplex is fully tenanted, which means you can start collecting rent cheques right away. The other duplex is vacant…renovate and pick your own tenants! You’ll collect at least $2200/month PER DUPLEX ($4400+/month total!) after turnover.
2) Keep one, sell one: How would you like 2 exit strategies on the same deal? Hold the tenanted duplex for now, and flip the vacant duplex. Get some quick cash now and some long term cash flow!
– LOCATION: Sault Ste. Marie, ON (Queen St W/International-Xing)
– PURCHASE PRICE: $219,900 Or Best Offer (Pay $219k for all 4 units together!)
– AFTER REPAIR VALUE: $600s
– CLOSING: September 19, 2023 (This is an assignment sale.)
– TYPE: TWO Duplexes
– Duplex 1 Main Floor: 1 Bed/1 Bath Apartment(vacant)
– Duplex 1 Upper Floor: 2 Bed/1 Bath Apartment (vacant)
– Duplex 2 Main Floor: 1 Bed/1 Bath Apartment (tenant pays $750/month plus hydro/gas Landlord pays water.)
– Duplex 2 Upper Floor: 2 Bed/1 Bath Apartment (tenant pays $633/month plus hydro/gas. Landlord pays water.)
– BASEMENTS: Small, unfinished. Main floor tenants use for storage.
– PARKING: 3 Spaces and Street Parking
– SQFT: Duplex 1: 1,190 Sq. Ft. & Duplex 2: 1,101 Sq. Ft.
– LOT: 53’x 110′
– AGE: 1942
– PROPERTY TAX: $2753
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
– Extensive interior renovations required to both duplexes.
– Pest control needed
– Black mould remediation needed
– Water/sewer backup
-Newer furnace in one of the duplexes (2021)
-CHEAP! How often can you buy 4 units for $55k each?
-One duplex is already vacant.
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…)
Josea Paul, Myra Afidchao, Aaron Moore & Tomomi Wang
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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