Unique Investment Opportunity – 5-Suite Property, The Palace offers an excellent investment opportunity with five 1-bedroom suites, each rented at $675/month. Ideal for those looking to expand their rental portfolio, this property serves as an affordable housing option for individuals in need of stable accommodations. Situated in a mature neighborhood and accessible location, and providing essential amenities for tenants. The suites are individually occupied, ensuring a steady cash flow. With a total rental income of $3,375 per month, this property presents a solid return on investment. (Annual Potential Rental Income: $40500 Annual Expenses: Utilities: $4185, Water/Garbage: $4224, Insurance: $2785, Tax: $3026)
Whether you\'re an investor looking for a consistent income property or someone who wants to contribute to providing accessible/affordable housing, this home is worth considering. Contact today for more details Listing Brokerage: RE/MAX Main Street Realty
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Listing data is deemed reliable but is not guaranteed accurate by CREB®. Last updated: today at 3:00 a.m.
