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

 

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$363,900
Available - For Sale
Listing ID: X13565718
Attention investors! Outstanding opportunity to acquire a cash-flowing duplex in the heart of Sarnia, offering three self-contained units and strong income potential at an affordable price point. With a total of 7 bedrooms, 3 bathrooms, and 3 full kitchens, this purpose-built income property is an excellent addition to any investment portfolio. This property is currently generating $4,000 per month ($48,000 annually) in gross rental income, with all rents inclusive. Current rental breakdown is as follows: Unit 1-$1,400/month (scheduled to be vacant mid-August, with the seller willing to make provisions to secure a new tenant prior to closing, subject to the terms of the Agreement of Purchase and Sale), Unit 2- $1,650/month and unit 3-$950/month. Based on previous years' operating figures, annual expenses are estimated at approximately: Gas -$2,700, Hydro & Water-$6,206, Insurance-$1,200, Maintenance-$ 1,800, and Property Taxes -$3,100. The hot water tank is owned, eliminating rental costs. this results in an attractive estimated Net Operating Income, making this a rare opportunity to acquire a positive cash-flow investment property for under $400,000. Conveniently located close to amenities, schools, shopping and public transit, this property offers stable rental demand and long-term investment potential. Property is being sold as is, where is, as the Seller will provide limited representations and warranties with respect to the property. A fantastic opportunity for investors seeking immediate income with future upside.
Price $363,900
Taxes: $4,215.6
Occupancy by: Tenant
Address: 368 Maxwell Street , Sarnia, N7T 5E2, Lambton
Directions/Cross Streets: Maxwell St and Gordon St
Rooms: 14
Bedrooms: 7
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: Unfinished
No. of Pieces Level
Washroom 1:  3
Washroom 2:  4
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3
Washroom 7:  4
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  3
Washroom 12:  4
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Property Type: Duplex
Style: Bungalow
Exterior: Vinyl Siding
Garage Type: None
Drive Parking Spaces: 3
Pool: None
Approximatly Square Footage: 1500-2000
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: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX PREMIER INC.

368 Maxwell Street , Sarnia, N7T 5E2, Lambton

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Duplex
Area: Lambton
Municipality: Sarnia
Neighbourhood: Sarnia
Style: Bungalow
Lot Size: x 114.00(Feet)
Approximate Age:
Tax: $4,215.6
Maintenance Fee: $0
Beds: 7
Baths: 3
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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