144 William St

FULLY UPDATED LOW STRESS FOUR UNIT INCOME PROPERTY FOR INVESTORS: This hidden gem nestled away on a quiet side street in the gentrified hub of SOHO (South of Hamilton Road) and boasts solid income on all four rented units. This property has around a 6% Cap Rate at the Asking Price; with a NOI (net operating income) of over $60,000. Would make for an ideal ease of entry investment property and/or as suitable mortagage helper live in arrangment (Unit #3 to be vacant as of April 30th with option to leave empty, rent or allow buyer to place new tenant[s]). All units are currently rented. This property has very high quality tenants that have been an added blessing to this cash flowing asset. All of the units were renovated a property includes a new furnace, two hot water tanks, roof, windows, flooring, kitchens, washroom upgrades, new trim and millwork, stucco, interior and exterior paint and other recent upgrades since ownership. In behind this property is a spacious enclosed back yard with ample parking. In this best way this property feels private and disconnected. This area is at the epicentter of major improvements and investment in City infrastructure which is adding value to the neighbourhood. According to the Seller, this property has operated with four rental units going back to 1980 or before (according to the Vernor directory). (id:22211)