390-394 Hyde Street, Prescott, ON K0E 1T0
- $475,000
- 5
- BD
- 3
- BA
- 2,000
- SqFt
- List Price
- $475,000
- MLS#
- X13770498
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Semi-Detached
- Style
- 2-Storey
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 2000-2500
- Province
- ON
- Municipality
- Prescott
- Area
- Leeds and Grenville
- Neighborhood
- 808 - Prescott
- Subdivision
- Edward Street/Wood Street/Josephine Street
Property Description
Two units. Zero tenants. One seriously interesting opportunity. Welcome to 390-394 Hyde Street, a VACANT, well-maintained duplex that gives its next owner something investors love: options. Choose your own tenants, set your own rents, live in one and let the other help pay the bills, or add both doors to your investment portfolio. 390 offers 2 bedrooms PLUS an office/den, 2 bathrooms, a formal dining room, living room, kitchen and two porches. 394 brings another 3 bedrooms, 1 bathroom, dining room, living room and kitchen. That's five bedrooms, three bathrooms and plenty of space between the two units. Sitting proudly on a corner lot, there's another surprise out back: a detached DOUBLE-CAR GARAGE with a loft. Storage, toys, workshop space... you decide. Now, let's talk numbers. At projected rents of $1,500/month per unit, you're looking at $36,000 in potential gross annual rent. Using a 5% vacancy allowance, 5% maintenance/repair allowance, 2026 taxes of $2,993.18 and insurance of $2,752.67, estimated NOI is approximately $26,654 - translating to a projected 5.61% cap rate at the $475,000 asking price. Plus, each unit has separate hydro and gas meters.Vacant duplex. Double garage. Five bedrooms between the units. 390-394 Hyde Street might just make your calculator - and your portfolio - very happy. Rental income, expenses, NOI and cap rate are projections only. Buyers to complete their own due diligence.
/u.realgeeks.media/sandrotucci/header.png)
Additional Information
- Taxes
- $2,993
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Family Room
- Yes
- Kitchens
- 2
- Exterior
- Aluminum Siding
- Waterfront Type
- None
- Garage Spaces
- 2
- Garage Type
- Detached
- Pool
- None
- Parking Spaces
- 4
- Parking Type
- Private Double, Available
Mortgage Calculator
Listing courtesy of REMAX BOARDWALK REALTY.