Turnkey cash flow positive investment property OR the perfect family home with a basement apartment for additional income. Currently rented by the room (4 of 6 rooms tenanted); (UPPER) room #1: $1,000/mo, room #2: $800/mo(vacant), room #3: $800/mo (vacant), room #4: $800/mo; (LOWER) room #5: $1,000/mo, room #6: $800/mo. Shared kitchen and bath on UPPER level & 2nd shared kitchen & bath on LOWER level. Total gross rent once fully leased: $5,200/month. Landlord pays all utilities. Nearly $2,000/mo potential net cash flow after all expenses including debt service. Tenants willing to stay or vacate if buyer is end user. Basement fully renovated approximately 1 year ago. Clean and extraordinarily well maintained property. Outstanding location, family-friendly neighbourhood. |
Extras: All Existing Appliances Including 2 x Fridges, 2 x Stoves, 1 x W/D. All Elfs And Window Coverings. |
Price | $549,900 |
Taxes: | $3443.06 |
Address: | 36 Pearl Ave , Leamington, N8H 1J7, Ontario |
Lot Size: | 60.00 x 125.00 (Feet) |
Directions/Cross Streets: | Talbot St & Fuller Ave |
Rooms: | 6 |
Rooms +: | 3 |
Bedrooms: | 4 |
Bedrooms +: | 2 |
Kitchens: | 2 |
Family Room: | N |
Basement: | Apartment, Sep Entrance |
Property Type: | Detached |
Style: | Bungalow-Raised |
Exterior: | Brick |
Garage Type: | Attached |
(Parking/)Drive: | Private |
Drive Parking Spaces: | 3 |
Pool: | None |
Approximatly Square Footage: | 2000-2500 |
Property Features: | Fenced Yard, School, School Bus Route |
Fireplace/Stove: | N |
Heat Source: | Gas |
Heat Type: | Forced Air |
Central Air Conditioning: | Central Air |
Sewers: | Sewers |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
ROYAL LEPAGE YOUR COMMUNITY REALTY |
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Type: | Freehold - Detached |
Area: | Essex |
Municipality: | Leamington |
Style: | Bungalow-Raised |
Lot Size: | 60.00 x 125.00(Feet) |
Tax: | $3,443.06 |
Beds: | 4+2 |
Baths: | 2 |
Fireplace: | N |
Pool: | None |