Property Description
Prime Investment Alert! Immediate Cash Flow Opportunity! This is your chance to acquire a turnkey rental property and enter the real estate investment market with confidence! Located in a desirable area, this property is poised to deliver outstanding returns from day one. Key Investment Highlights: Instant Income: The property includes a long-standing, reliable tenant who wishes to remain, ensuring immediate, uninterrupted rental income and returning capital from the moment of closing. Expansion Potential: Don't just settle for one unit! A dedicated (approximately 300 downstairs with potential on the second floor) storage area is situated beside the existing apartment. This space was originally slated for conversion into a second rental unit (e.g., a studio or 1-bedroom suite). This offers a clear path to significantly boosting your ROI through future value-add development (subject to municipal approvals). Hassle-Free Transition: Benefit from an established tenancy, eliminating the time and expense of marketing, screening, and initial leasing. Don't miss out on this exceptional chance to secure a cash-flowing asset with built-in potential for future revenue growth. (id:63357)
Property Details
- Bedrooms
- 1
- Bathrooms
- 1
- Living Area
- 770 sqft
- Year Built
- 1970
- Stories
- 1.0
- Status
- Active
Location & Neighborhood
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