24 Eddy Ave

Brantford, N3R 2M6
FOR SALE
$1,449,900
Expired
$0
24 Eddy Ave, Brantford
24 Eddy Ave
24 Eddy Ave
24 Eddy Ave
24 Eddy Ave
24 Eddy Ave
24 Eddy Ave
24 Eddy Ave
24 Eddy Ave
24 Eddy Ave
8
BEDROOMS
4
BATHROOMS
4
KITCHENS
14
ROOMS
X5739257
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-08-21 2023-01-31 163 $1,449,900 - Expired
Property Description
Attention Investors! Purpose Built 4-Plex Townhouse Rental Property Offers Great Cash Flow And Equity Growth. One Unit Vacant - Move In Or Set Your Market Rent. Total Of 4 Two Bedroom Units With Finished Rec Rooms. At This Price, $362,500 Per Townhouse! All Tenants Are A+, Mature And On Month-To-Month Agreements. Separate Utilities At Each Unit (Water & Hydro). Tenants Pay All Utilities. Beautiful, Quiet Neighborhood, Close To Schools And Parks. Each Unit Has Own Separate Entrance With Porch Or Deck, Which Means No Hallways To Maintain, And Ample Double Wide Driveway Parking On Both Sides Of Building. Extra Deep Backyard Attracts Quality Tenants. This Solid Brick Building Will Be Maintenance Free For Years To Come. Three Tenants To Be Assumed.
Extras
4 Fridges & 4 Stoves In 'As Is' Condition Storage Shed At Rear Of Property
Property Details
Street
Property Type
Fourplex, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
80' x 120'
Acreage
< .50
Fronting
East
Taxes
$7,552 (2022)
Basement
Half
Exterior
Alum Siding, Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Other
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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RENOVATED FOURPLEX on DOUBLE LOT with NEW EVERYTHING. Market Rents with 6% Cap-Rate. Tenants pay Heat, Hydro & Water. NEW Interiors, Electrical, Plumbing, Heating, & Kitchens, Flooring, Appliances (including washers and dryers). Approx $300k in upgrades. Turnovers would simply be a clean and fresh paint. All units re-rented to highly vetted tenants with no legacy tenants. Introducing a prime investment opportunity located at the corner of Mary and Peel: a brick 4-plex boasting an extra-large lot for potential expansion. While it may not be suitable for severance, there's room for growth, possibly transforming it into a 7-plex (survey copy available). Don't miss out on this investment opportunity with potential for growth and increased profitability.
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