43
$589,900 Sale
Listed 13 hours ago
162 Park STREET
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Key Facts
Key facts for 162 Park STREET
Property Type
Apartment
Parking
Garage: No, 5 parking
MLS #
26026413
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1945
Maintenance Fee
-
Description
Presenting an exceptional turnkey investment opportunity featuring a cash-flowing fourplex with a rare all-main-floor layout and grade-entrance accessibility. The property consists of four two-bedroom, one-bathroom units with separately metered hydro. Three units are occupied by reliable tenants who... have a proven track record of on-time payments. These tenants moved in 2023, so rental rates are locked at near current market levels. The fourth unit has been freshly updated and is vacant, offering an immediate opportunity to place a high-quality tenant of your choice at market rent. On-site coin operated laundry provides an additonal income stream and the rental contract is transferable. The boiler was replaced in 2017, taking care of a major capital expenditure. Repairs were completed on the low-sloping roof in 2026 and there is room for 5-6 parking spots. With a cap rate of approximately 7%, this asset delivers predictable, high-yield performance. Call today for more information and schedule your private walkthrough. (id:10452)
Room Types
4pc Bathroom
-
Dimensions 5 ft x 8 ft
40 sqft
Bedroom
-
Dimensions 11 ft x 9 ft ,5 in
103.58 sqft
Bedroom
-
Dimensions 8 ft ,3 in x 11 ft ,2 in
92.12 sqft
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Listing courtesy of: ROYAL LEPAGE PEIFER REALTY, Brokerage
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