Sutton Group - Masters Realty Inc - 1650 Bath Road, Kingston, Ontario
| 613-384-5500 (office) | 613-329-3276 (cell) | joy@joytodd.ca


LOADING

124 Ford Street Kingston, Ontario K7K 4Z6

8 Bedroom 3 Bathroom 3342.08 sqft
None Baseboard Heaters

$649,900

Quality Investment Property with a ton of parking and a huge detached double car garage/workshop! This Triplex is separately metered so tenants can pay their own utilities. 2 of the 3 Units are currently rented with the owner leaving one of the 3-bedroom units vacant at the end of June to allow a new landlord to choose their own tenants and set their own rents. Property consists of 2- 3 Bedroom Units and 1-2 Bedroom Unit. The property is rented as follows: 1-3 Bedroom for $1200 month to month. 1-2 Bedroom unit rented for $850 month to month. 1-3 Bedroom Unit tenant set to move out at the end of June, New owner can set own rent. Bonus Coin operated laundry in the basement for additional income and a massive parking area behind the property that could also be used to bring in more income if you charged for parking or to use to the garage. This is an excellent investment opportunity with plenty of upside with future rent increases. With market rents would be over 7% Cap Rate. Call, text or email for more information. (id:32654)

Property Details

MLS® Number 40593186
Property Type Multi-family
Amenities Near By Park
Features Laundry- Coin Operated
Parking Space Total 12

Building

Bathroom Total 3
Bedrooms Total 8
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1967
Cooling Type None
Exterior Finish Brick
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 3342.08 Sqft
Type Triplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Access Type Road Access
Acreage No
Land Amenities Park
Sewer Municipal Sewage System
Size Depth 160 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description Ur10

https://www.realtor.ca/real-estate/26926506/124-ford-street-kingston

Interested?

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Jason Barbosa
Salesperson

(613) 888-6567
https://www.remaxrise.com/

RE/MAX Rise Executives, Brokerage
110-623 Fortune Cres
Kingston, Ontario K7P 0L5

(613) 546-4208
https://www.remaxrise.com/

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