16 Graham Street, Belleville, ON K8P 1P3
- $649,900
- 6
- BD
- 3
- BA
- 3,000
- SqFt
- List Price
- $649,900
- MLS#
- X13598384
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Triplex
- Style
- 1 1/2 Storey
- Bedrooms
- 6
- Bathrooms
- 3
- Living Area
- 3000-3500
- Province
- ON
- Municipality
- Belleville
- Area
- Hastings
- Neighborhood
- Belleville Ward
- Subdivision
- Sidney St. & Graham St.
Property Description
This Triplex has had some extensive updates over the years! The 1.5 Storey Investment Property presents an exceptional opportunity for investors or those seeking a versatile income producing asset. Offering approximately 3,477 sq ft of finished living space, the building features 3 self contained units with a total of 6 bedrooms, 3 bathrooms and 3 kitchens. The property is fully occupied with a current gross rental income of $5050 per month ($60,600 annually), providing immediate cash flow from day one. Recent improvements include a newly renovated basement adding to the property's appeal and long term value. Additional updates over the years include a newer roof (2018), updated eavestroughs (2019), refreshed interior finishes, a 200 amp electrical service (6-7 years old), 2 gas fireplaces, 2 central air conditioning units (6-7 yrs old), a 60 gallon hot water tank and the convenience of 2 driveways (one double wide and one single) offering ample parking for tenants. Whether you're looking to expand your investment portfolio or secure a turnkey income property with strong rental history, this fully occupied multi unit building is an opportunity not to be missed.
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Additional Information
- Taxes
- $4,289
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 3
- Exterior
- Vinyl Siding
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 8
- Parking Type
- Private Double
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Listing courtesy of Royal Lepage Proalliance Realty.