121 PATRICIA Avenue , Kitchener

9 Bed / 5 Bath / $775,000 / MLS® Listing #:40043348

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ALL UNITS OCCUPIED. One Unit has 5 bedrooms; One Unit has 3 bedrooms; One unit has 1 bedroom. Excellent opportunity for the motivated investor. Net Operating Income of $43,095.78. Gross Income of $54,300.00. Cap Rate of 5.6%. This fully leased Triplex is centrally located to the downtown Kitchener Tech Center, a 5 minute drive to Google, close to schools, shopping, transit, hospital and easy access to the Highway. This property comes with Three (3) Hydro Meters and Three (3) Water Heaters with one (1) being owned. This is an excellent opportunity also to live in one unit and have the two units pay the mortgage. There is ample parking (9). Lease Agreements in place, , Financials are available, so please reach out to the Listing Rep. Landlord pays Water, tenants pay other utilities., Directions:Patricia / Highland, Exclusions:Tenants Belongings

Property Details

Property Type Multi-3 Unit
Property Style N/A
Square Feet 2001 to 3000
Property Tax $5,014
Maintenance N/A
Days On Our Website 17
Basement Full,Fully Finished,Walk-Up
Kitchens 0
Garages 4
Pool None
Fireplaces
Air Conditioning No
Heating Baseboard,Electric,Forced Air,Gas - Baseboard,Electric,Forced Air,Gas
Exterior Brick
Garage Type N/A
Sewers Sewer (Municipal)
Water Municipal,Unknown

Listing Office: ROYAL LEPAGE GRAND VALLEY REALTY

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