Income-Generating Duplex with Nearly 8% Cap Rate in Prime Location. Looking for an easy investment? This legal duplex offers immediate cash flow with tenants in place and an annual rental income of $40,000. A turn-key investment with strong returns, both units are separately metered and well maintained, with tenants paying their own hydro. A solid performer in a strong rental market driven by steady demand. This brick two-storey building features a main floor 3 bedroom unit and an upper level 2 bedroom unit. Whether you're expanding your portfolio or diving into your first income property, this duplex offers long-term stability in a growing community. Don't miss your chance to invest in a smart, low-maintenance opportunity in Owen Sound's reliable rental market. (id:4069)
Address
1379 3RD AVENUE E
List Price
$398,500
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Owen Sound
Bedrooms
5
Bathrooms
2
Floor Area
15,002,000 Sq. Ft.
Lot Size
36 x 176 FT Sq. Ft.
MLS® Number
X12218010
Listing Brokerage
Keller Williams Realty Centres
Basement Area
N/A (Unfinished)
Postal Code
N4K2L8
Site Influences
Hospital, Schools, Public Transit, Park
Amenities
Separate Electricity Meters
