Property

Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 5
Pets: Pets No

Financials

Price:C674,000
($488,340)
(€424,245)
Annual Taxes:C3,835.75
505 Park Ave, New York, NY 10022

Description

Many want-to-be-real-estate-investors will use all 10 fingers and all 10 toes to find a reason NOT to invest. Don't be that investor. Put those digits (and your spreadsheets) to good use. Take a look at this nicely updated triplex in the heart of Belleville. The bright 1 bedroom upstairs unit is recently renovated. The two lower units have been bringing in great rental income, and both will be vacant Sept 1. Separate meters means all tenants pay their own water, sewer, heat and hydro utilities. A metal roof was added in 2017, as well as 2 new gas furnaces. More recent updates include windows, flooring, kitchens, bathroom updates, a new gas fireplace for the upstairs unit and new side decks for the lower units. Each unit has its own laundry. Even better this beautifully maintained property includes plenty of parking and is walking distance to shopping. Public transit stops here. If you've been looking for an easy, cash-flowing investment with an 8.8% CAP rate, you've found it.

Amenities

  • Carpet Free
  • Natural Gas
  • Separate Heating Controls
  • Separate Hydro Meter
  • Water Heater

Many want to be real estate investors will use all 10 fingers and all 10 toes to find a reason NOT to invest.


    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.