INCOME PROPERTY BY THE CANAL

For your Portfolio

GLEBE INCOME PROPERTY: FOR SALE

Please call listing agents to book all appointments and receive guidelines around showings and health protection for all.All units available for viewing.

Great owner live-in
A great location just steps to the Canal this property is a ideal owner live in or keep as an income The property has huge potential for several different uses.Turn back to a single – live in and have income- use as an investment property- this investment income property is ideal for your portfolio in any times. 3 units will provide you a safe future investment with a present net of approx $51,864.00 Used for short term rentals previously and available furnished. Excellent tenant in place on main floor- Tenants would like like to stay – leases may be gotten. Turn key situation with Fire Retrofit .

Expenses as a rental
Heat 3,200.
Hydro 1,500.
Water 1,100.
taxes 8,154.96
Insurance 2,761.56
Cable and Phone 2,160.( this is for the short term rentals for the entire building – included in the rent – but if used as long term leases this can change.
Total $18,876.00

Rental Income
Total $70,740.00- $76,740.00 with main floor rent at past rent of $2,500.00 Furnished )
Apt 1 ( main floor ) $2,000.00 per month month to month -was $2,500.00 short term )term.
Apt 2 ( 2nd and 3rd floor)Vacant and estimated at $2,500,00 but set your own rent.
Apt 3 ( basement) Furnished $1,395.00 month to month,
Present tenants may wish to stay with lease if possible now on month to month.
Rent includes all utilities and parking.
Net $51,864.00
Net would be higher if used as a long term rental with cable and internet being paid by tenant. Main floor was a higher rent as well as a short term.