640 Front Street, Quinte West, Ontario K8V 4R7 is For Sale and has a listing price of 499,900. The property is located in the neighbourhood. It's been on the website for 16 Days.
Profitable Triplex at 640 Front St. Discover an exceptional investment opportunity w/ this positive cash-flow triplex located in the heart of Trenton, Ont. This property is a prime addition to any rental portfolio, offering stability & consistent income. Each unit is metered separately, ensuring minimal landlord expenses & maximizing your return on investment. Unit A is a spacious 3-bdrm, 1-bath, 2-sty unit with full bsmt. It features a charming front porch, 2 entrances, an eat-in kitchen, & hdwd floors throughout the living areas & upper-lvl bdrms. Recent upgrades include a new tub surround, a newer gas boiler system for hot water radiator heat, & a new owned HWT. With 2 allocated parking spots & a large fenced yard, this unit is perfect for families. The tenant has been in place for approx. 8 yrs, paying $1,116.02/mth plus utilities. Unit B is a bright 2-bdrm, 1-bath bungalow-style unit. The south-facing living rm boasts laminate floors & a picture window overlooking the rear yard. The spacious eat-in kitchen includes co-located laundry & a 2nd door to the backyard. This unit comes with 2 parking spots & a dedicated rear yard with gardens & fenced area. The tenant, who has been there for about 5 yrs, pays $1,200/mth plus utilities. Unit C is a 1-bdrm, 1-bath unit, currently vacant & ready for the next investor to select a tenant & set the rent. Recently refreshed, it features hdwd floors in the living rm, a functional kitchen, & a 3-pce. bathroom. 1 parking spot is located in front of the unit, with projected rent at $1,100/mth plus utilities. With over $40,000 in gross rental income, this triplex offers a stable investment opportunity more resistant to vacancies than a duplex. The property includes several updates & detailed income & expenses are available upon request. Many appliances are included, making this a turnkey investment. Seize the opportunity to own a profitable & stable triplex in Trenton. Inquire today for more information or to schedule a viewing!
