$569,900
Excellent investment opportunity in a high-demand rental area. This purpose-built 4-plex, constructed in 1994, offers strong and stable income with four self-contained units, each featuring private entrances and separate hydro meters. The building consists of one 2-bedroom unit renting for $970 per month and three 1-bedroom units renting for $835, $1,400, and $1,250 per month, plus an additional $200 per month from coin-operated laundry. The property generates a total monthly income of $4,655, providing positive cash flow with a 25% down payment. Well-maintained and located in an area with consistent tenant demand and low vacancy, this property is ideal for investors seeking a clean, reliable, and turn-key multi-residential asset. 332 Burton represents a rare opportunity to acquire a modern, income-producing building with proven financial performance (id:63476)
Property Details
|
MLS® Number |
2126461 |
|
Property Type |
Multi-family |
|
Equipment Type |
Water Heater - Gas |
|
Rental Equipment Type |
Water Heater - Gas |
Building
|
Basement Type |
Full |
|
Exterior Finish |
Brick, Vinyl Siding |
|
Foundation Type |
Block |
|
Roof Material |
Asphalt Shingle |
|
Roof Style |
Unknown |
|
Utility Water |
Municipal Water |
Land
|
Acreage |
No |
|
Sewer |
Municipal Sewage System |
|
Size Total Text |
0-4,050 Sqft |
|
Zoning Description |
R2-3 |