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This is a fire rated brick triplex. Unit 1 is rented for $777. A new gas furnace was installed in 2023. It is a long term tenant and the market rent would be $1500. It is the main floor of the original house. Unit 2 is rented for $1333; it is a 2 bed with a balcony. The bathroom was redone about 3 years ago with an oversized shower. It is the total upstairs of the main house. Unit 3 is on the main floor of an addition to the back of the house. it has a covered porch and access to half of the back yard. The unit was totally renovated in 2024 ceiling to floor plus a new f/a gas furnace and central air. I have used a projected rent of $1600. Note: Tenants pay all utilities, gas, hydro and water (separate meters). rent $44450 less costs Taxes $3479, insurance $3000 and water heater rentals $432.n Tot Expense $6911. Net Income $37609 5.85 CAP RATE. (id:53271)
| MLS® Number | 40665417 |
| Property Type | Multi-family |
| AmenitiesNearBy | Hospital, Public Transit |
| Features | Paved Driveway |
| ParkingSpaceTotal | 1 |
| Structure | Porch |
| BathroomTotal | 3 |
| BedroomsTotal | 4 |
| BasementDevelopment | Unfinished |
| BasementType | Partial (unfinished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2145 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
| AccessType | Road Access, Highway Access |
| Acreage | No |
| LandAmenities | Hospital, Public Transit |
| Sewer | Municipal Sewage System |
| SizeFrontage | 50 Ft |
| SizeIrregular | 0.14 |
| SizeTotal | 0.14 Ac|under 1/2 Acre |
| SizeTotalText | 0.14 Ac|under 1/2 Acre |
| ZoningDescription | Rc |
https://www.realtor.ca/real-estate/27604524/81-east-avenue-brantford
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Call: 519-535-4243
Email: jen@jenthomsonrealtor.com
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