Who’s looking for a profitable property?
Almost $400k spread! These two side-by-side semis are just 30 minutes from both Belleville and Kingston (very reasonable drive for commuters). How often can you buy a duplex for close to 100k??
Plus, both semis are ALREADY VACANT.
How can you profit?
1) BRRRR. Buy for $125k, renovate, rent, and refinance around $500k.
2) Fix & Flip!
3) House Hack. Newer investor looking to break into the market? Live in one unit, rent the other. Get in for around $100k and renovate your unit slowly over time.
SUMMARY:
– LOCATION: Camden East/Stone Mills (between Belleville & Kingston)
– BUY IT NOW! FIRST COME FIRST SERVE. PURCHASE PRICE: $124,900 Or Best Offer
– AFTER REPAIR VALUE: Nearing $500k
– CLOSING: October 16, 2023 (Further discount available for a buyer who can close in September instead.) This is an assignment sale.)
– TYPE: Duplex (Two 2-Storey Semis)
– SOUTH SEMI: 2 Beds/1+1 Bath
– NORTH SEMI: 3 Beds/1 Bath
– PARKING: 1 space plus street parking
– BASEMENT: Unfinished
– SQFT: Around 2400 sq. ft. (1190 sq. ft. EACH unit)
– LOT: 50′ x 109′
– AGE: 1890
– WELL/SEPTIC
RENOVATIONS NEEDED:
– Cosmetic updates to kitchens, baths, flooring, stairs, etc.
– Deteriorating retaining wall may lead to some foundation repair.
– Septic needs work.
– Some ceiling and wall repairs required.
– Roof needs some attention.
– Some other renos needed…ask us for inspection report!
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– It’s so cheap! Throw this on your line of credit.
– Already vacant. No need to negotiate with tenants.
– 30 minutes to both Belleville and Kingston. (Very reasonable for commuters.)
Please let us know if you want to view it or if you want us to email you the info package. (Inspection report, Floor plans, 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.