Who wants to buy and hold a multi-unit property?
This large, well-maintained triplex is centrally located near the downtown core in a nice tree-lined street, and is only minutes away from the city centre, hospitals, WLU & Conestoga Brantford. With $750+/month in positive cash flow, this property is a great addition for any investor looking to add a solid legal multiplex to their portfolio. There’s lots of potential to add value with a cosmetic update – all the mechanicals/roofs have already been taken care of in the last 6 years.
With one unit coming vacant, this is also a great opportunity for a first-time buyer/end-user to house hack – move into the vacant unit and have your tenants pay off your mortgage! This is also a perfect opportunity for an investor to refresh the unit and set market rents.
– LOCATION: Brantford, ON (Brant Ave. & Henrietta St.)
– PURCHASE PRICE: $720,000 Or Best Offer
– CLOSING: January 19, 2022 (This is an assignment sale.)
– TYPE: Detached Legal Triplex (All Brick)
– BEDS/BATHS: Two 2-Bedroom Units Plus One Bachelor Unit, Each With Own Bathroom (4 Beds/3 Baths)
– PARKING: 3 Spaces
– BASEMENT: Unfinished with Laundry
– LOT: 29′ x 73′ (approx)
– RENTAL INCOME: $3593/month all inclusive. Buyer to assume tenants in two of the three units (one unit coming vacant).
– EXPENSES: $747/month (utilities, insurance & property taxes). Please request info package for further breakdown.
– PROPERTY TAX: $3362/year
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
– Furnace 5 years new
– New windows 2016
– New roof 2015
We have a viewing scheduled TONIGHT! Please let us know ASAP if you want to view it or if you want us to email you the info package. (Videos, more photos, income/expenses, and more…)
Aaron Moore, Tomomi Wang & Josea Paul
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
Our friends at Profitable Property brought us this deal and we’re collaborating with them.
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Need Fast Financing?
Calvert Home Mortgage has the ability to finance most of the wholesale price, INCLUDING the assignment fee.
Calvert has options for buying with as low as $20k down, with rates starting at 7.99% and a 2% lender’s fee for 25% down.
No additional broker fees! No appraisal fee! Fully open!
Get $500 off the lender’s fee from Calvert Mortgages if you let them know that you heard about them through House Deals GTA