$600,000
$599,900
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6 Beds
3 Baths
SOLD DATE : 03/07/2023
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID X5883022
Sold Date 03/07/23
Style 2-Storey
Bedrooms 6
Annual Tax Amount $3,242
Tax Year 2022
Property Description
Legal Triplex Earning A Sensational ~7.43% Cap Rate And ~$1,003 In Profit Per Month! This Is The Cream Of The Crop For Cashflow Oriented Investors. Prove Your Investment Acumen And Show Other Investors That You Can Cashflow A Turn-Key Triplex ~$1,000 Monthly At Current Interest Rates By Locking In This Deal. Gross Income ~$52,140, Expenses ~$7,581, Net ~$44,559! Cash Flow After Finance (20% Down, 5.45% Interest, 30Yrs) Is ~$1,003/Month. Click The "More Photos" Button On Realtor.Ca For Financial Analysis. Two Of Three Units Are Extensively Renovated With Modern And Durable Attractive Finishes. 1X3-Bed $1900+Heat & Hydro (Current); 1X2-Bed $1595+Heat & Hydro (Projected), 1X1-Bed $850+Heat & Hydro (Current, Far Below Market). Mechanical Systems Are All Updated. Downtown Smiths Falls Has Been Completely Revitalized With New Streetscape. This Town Is Now Booming With New Housing, Entrepreneurship, And New Businesses. Despite All Of The Improvement, Tax Rates In Town Increased 0% In 2022.
Location
Province ON
County Lanark
Rooms
Family Room No
Basement Unfinished
Kitchen 3
Interior
Cooling None
Exterior
Garage Private
Garage Spaces 4.0
Pool None
Total Parking Spaces 4
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