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Maria Tompson
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Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$939,500
Available - For Sale
Listing ID: X13140160
Must be sold together with 28 McColl St, MLS #X13140164. Great Investment Opportunity in Trenton. 188 Henry St has four 2-bedroom units and two 1-bedroom unit. These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller's preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with some units renovated. Numerous capital improvements have been completed in recent years, including electrical, windows, roofing and front doors. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds available for additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential.
Price $939,500
Taxes: $6,781
Occupancy by: Tenant
Address: 188 Henry Street , Quinte West, K8V 5L3, Hastings
Directions/Cross Streets: Dundas/McColl
Rooms: 28
Rooms +: 2
Bedrooms: 10
Bedrooms +: 0
Washrooms: 6
Family Room: F
Basement: Apartment
No. of Pieces Level
Washroom 1:  4
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  4
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 6
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Square Footage: 3000-3500
Property Features: Lake/Pond
Marina
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Water
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
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RE/MAX REALTRON REALTY INC.

188 Henry Street , Quinte West, K8V 5L3, Hastings

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Maria Tompson
Sales Representative
Dir:
416-548-7854
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416-548-7854
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416-981-7184

 
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Type: Freehold - Multiplex
Area: Hastings
Municipality: Quinte West
Neighbourhood: Trenton Ward
Style: 2-Storey
Lot Size: x 56.46(Feet)
Approximate Age:
Tax: $6,781
Maintenance Fee: $0
Beds: 10
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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