527 Front St

For Sale 49 Days
$530,000
4 beds
4 baths

527 Front St

For Sale 49 Days
$530,000
4 beds
4 baths

Highlights

Key insights

Description

Attention Investors! This is a remarkable opportunity to acquire a high-performing, income-generating fourplex in the heart of Trenton. Purpose-built for rental income, this fully occupied property features four 1-bedroom, 1-bathroom units two on the main level and two on the lower level each with its own main and secondary/emergency entrance. Every unit also enjoys a private patio space and access to a large, shared fenced yard. With utilities such as hydro and water/sewer metered separately (and gas expenses currently covered by the landlord), this property produces over $48,000 in gross annual rental income and boasts an impressive cap rate of over 6.5%. The tenant profile is strong, with several long-term residents who maintain their units with care. Unit 1 rents for $650/month plus utilities, with a tenant who has lived there for approximately 14 years. Unit 2, rented for $1,350/month plus utilities, has been occupied since July 2023 and remains in excellent condition. Unit 3, also at $650/month plus utilities, has a reliable tenant of 7 years. Unit 4, renovated in 2022 with new vinyl flooring, an upgraded kitchen, and a modern bathroom, is leased at $1,350/month plus utilities, with the current tenant having moved in as of January 1, 2025. All tenants are on month-to-month leases, offering the new owner maximum flexibility. This well-maintained and strategically designed fourplex presents a balanced and dependable investment opportunity, reducing vacancy risks while maximizing income potential. An income statement is available upon request. Visit my website for further details don't miss your chance to secure this outstanding property! (id:63267)

JASON BALLAS of ROYAL LEPAGE PROALLIANCE REALTY,
#X12374170
updated 1 week ago.
Houseful checked MLS® for data 1 week ago.

Home overview

Amenities / Utilities
  • Heat source
    Natural gas
  • Heat type
    Forced air
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    1
  • Fencing
    Fenced yard
  • # parking spaces
    4
Interior
  • # full baths
    4
  • # total bathrooms
    4.0
  • # of above grade bedrooms
    4
Location
  • Community features
    Community centre, school bus
  • Subdivision
    Trenton ward
  • Directions
    1961079
Lot/ Land Details
  • Lot desc
    Landscaped
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12374170
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28798759/527-front-street-quinte-west-trenton-ward-trenton-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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$-1,413

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