442-444 Montreal St
Kingston, K7K 3H7
FOR SALE
$550,000
Expired
$0
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4
BEDROOMS4
BATHROOMS4
KITCHENS16
ROOMSX9005214
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-07-02 | 2024-09-19 | 79 | $550,000 | - | Expired |
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Property Description
Approx. going-in cap rate of 6.2% @ $137k/unit. 4x 1-bedroom units, approx. 700 sqft each. An add-value investors ideal next project. Approx. 31% lift on overall rent roll once stabilized. Hydro is separately metered; however, the landlord currently pays - opportunity to pass this expense to tenants in the future to decrease overall expenses and increase NOI. Steel Roof (2014) , Furnace (2021). 3 Parking spots.
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Property Details
Street
City
Property Type
Fourplex, 2-Storey
Lot Size
56' x 105'
Fronting
East
Taxes
$5,647 (2024)
Basement
Crawl Space
Exterior
Concrete, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
None
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