36 PEARL AVENUE, Leamington, Ontario N8H 1J7
$549,900.00
- 6 bedrooms
- 2 bathrooms
Turnkey cash flow positive investment property boasting a whopping 9.5% cap rate 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. ... read more
Turnkey cash flow positive investment property boasting a whopping 9.5% cap rate 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. (id:25417)
- Listing ID: X10426438
- Property Type: Single Family
| Property | |
|---|---|
| Style: | Raised Bungalow |
| Ownership: | Freehold |
| Lot Size: | 60 by 125 FT Fenced Yard |
| Parking: | Attached Garage 4 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Brick |
| Basement: | N/A |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| Town: | Leamington |
| Province: | Ontario |
| Nearby Amenities: | School Bus and Schools |
| Rooms | Level | Dimensions |
|---|---|---|
| Bathroom | Basement | 1.78 m x 1.65 m |
| Laundry room | Basement | 2.22 m x 2.66 m |
| Kitchen | Basement | 4.3 m x 3.02 m |
| Bedroom | Basement | 3.4 m x 2.96 m |
| Bedroom 2 | Basement | 4.32 m x 7.12 m |
| Kitchen | Main level | 4.27 m x 3.62 m |
| Primary Bedroom | Main level | 3.66 m x 3.42 m |
| Foyer | Main level | 7.47 m x 2.01 m |
| Bedroom 2 | Main level | 3.09 m x 3.26 m |
| Bedroom 3 | Main level | 4.51 m x 4.84 m |
| Bedroom 4 | Main level | 3.39 m x 3.39 m |
| Bathroom | Main level | 2.78 m x 2.12 m |
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