ON > Kingston (central City East) > 14 - Central City East
Kingston (central City East), ON K7L4M8,493 COLLEGE STREET
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Kingston (central City East), ON K7L4M8,493 COLLEGE STREET
Kingston (central City East), ON K7L4M8,493 COLLEGE STREET
Kingston (central City East), ON K7L4M8,493 COLLEGE STREET
Kingston (central City East), ON K7L4M8,493 COLLEGE STREET
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AJ Hazzi

AJ Hazzi

+1(250) 717-3133
$ 1,649,000
Est. payment /mo
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493 COLLEGE STREET Kingston (central City East), ON K7L4M8

11 Beds

4 Baths

2,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $824

Subdivision 14 - Central City East

MLS® Listing ID X12544210

Bedrooms 11

Source Kingston & Area Real Estate Association

Property Description

Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today. (id:24570)

Location

Province ON

Rooms

Kitchen 4.0

Extra Room 1 Second level 4.17 m X 4.4 m Primary Bedroom

Extra Room 2 Second level 3.8 m X 3.33 m Bedroom 2

Extra Room 3 Second level 4.15 m X 2.97 m Bedroom 3

Extra Room 4 Second level 3.8 m X 3.16 m Kitchen

Extra Room 5 Second level 5.35 m X 3.62 m Living room

Extra Room 6 Second level 2.7 m X 1.81 m Bathroom

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

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AJ Hazzi

AJ Hazzi

Broker | License ID: 1390206

+1(250) 717-3133

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