363 Front St

For Sale 19 Days
$2,299,900
beds
baths
5,800 Sqft

363 Front St

For Sale 19 Days
$2,299,900
beds
baths
5,800 Sqft

Highlights

Key insights

Description

25% DOWN FOR A CASH FLOWING 8 UNIT ON A TRANSFERABLE 40 YEAR MLI SELECT LOAN. Over 6% Cap. Secure $160,800 in annual income from this exceptional, fully tenanted, turn-key commercial property in the heart of Bellevilles dynamic downtown. Ductless Splits recently installed all res units. Completely rebuilt to modern standards, this property boasts brand-new construction, including framing, walls, flooring, plumbing, electrical panel, wiring, windows, doors, and lighting all designed to meet current building codes and minimize future maintenance. Each tenant is responsible for their own utilities, providing low overhead and strong net returns for investors. Positioned in a high-demand location, 363 Front Street is a rare opportunity offering both immediate cash flow and long-term appreciation potential. Properties of this caliber are in short supply. New Buyer must qualify for MLI loan. (id:63267)

Kayla Smith of RE/MAX ESCARPMENT REALTY INC., BROKERAGE,
#X12440543
updated 1 week ago.
Houseful checked MLS® for data 1 week ago.

Home overview

Amenities / Utilities
  • Heat type
    Baseboard heaters
Location
  • Subdivision
    Belleville ward
  • Directions
    2045381
Overview
  • Lot size (acres)
    0.0
  • Building size
    5800
  • Listing #
    X12440543
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28941868/363-front-street-belleville-belleville-ward-belleville-ward
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-6,133

/ Month
25 Years fixed, 20% down payment, % interest
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