388 King Street W Brockville, Ontario K6V 3S6
$1,194,900
Rare Investment opportunity! This spectacular Victorian style 10-unit residential apartment building is a proven money maker. Located in the west end of Brockville, this desirable location is close to shopping, parks, golf course and the St Lawrence River. The building has been meticulously maintained with 100% occupancy for the past 4 years. Updates include roof Dec 2020, unit 5 bathroom 2021, unit 6 bathroom & kitchen 2018, unit 7 bathroom 2018, unit 2 and 4 completely gutted and renovated in 2017. The property generates $111,039.16 in income with expenses of $38,180 for a net income of $72,859.16. This all brick home comes with a large 76 frontage X 341 deep lot with an exterior garage / workshop and parking for tenants. Rent includes utilities + additional charge to tenants in summer months for window air conditioners. Seller requires 48 hours irrevocable on all offers. Showings will be allowed when an accepted offer is in place. (id:29438)
Property Details
| MLS® Number | 1234090 |
| Property Type | Multi-family |
| Neigbourhood | Downtown King Street West |
| Parking Space Total | 10 |
Building
| Constructed Date | 1870 |
| Exterior Finish | Brick |
| Fireplace Present | No |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Stories Total | 3 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 341 Ft |
| Size Frontage | 76 Ft |
| Size Irregular | 75.98 Ft X 341 Ft (irregular Lot) |
| Size Total Text | 75.98 Ft X 341 Ft (irregular Lot) |
| Zoning Description | R3 General Residenti |
https://www.realtor.ca/real-estate/23006013/388-king-street-w-brockville-downtown-king-street-west
Interested in this property?
Claudio Baiocchi, REALTOR®
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
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April 01 2021 08:08:55
