188 Henry St - Multi-Family FOR SALE


Trenton, ON K8V 3V3
$2,248,000 CAD
437-476-8290
188 Henry St, Trenton, ON for Sale
$2,248,000 CAD
Multi-Family - FOR SALE
1/12
null | Request Cap Rate

188 Henry St
Trenton, ON K8V 3V3


HIGHLIGHTS

  • Prestigious West Side
  • Great Rental Market
  • Rarely any vacancies

OVERVIEW

Great Investment Opportunity in Trenton. Two Well-Maintained 6-Plexes Offered Together on Trenton's West side. Two 6 plex buildings consisting of 28 McColl Street and 188 Henry Street. These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller’s preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with five units that have been renovated. Numerous capital improvements have been completed in recent years, including windows and roofing. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds and outbuildings available for both Owner and Tenant additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential.

FOR SALE DETAILS

PRICE

$2,248,000 CAD

PRICE/SF

$198 CAD /SF

# OF UNITS

12

PRICE/UNIT

$187,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kazimierz WodzRE/MAX Realtron Realty Inc.More Info
437-476-8290

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Kazimierz WodzRE/MAX Realtron Realty Inc.More Info
437-476-8290

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.