For Sale: 2005 Richard Street (5 units)

$459,000 (FULL ASKING) – Great location off 2nd avenue with quick access to Costco/Home Depot and all other amenities!  4 x 2 bedroom units fully renovated top to bottom + lower level 1 bedroom unit (family member unit – needs some upgrading).  Coin Laundry on site, plenty of parking, separate hydro meters.  Quality tenants and strong cashflow makes this a true “plug-n-play” investment opportunity.  Net Income of $36,753 (after expenses and allowance for vacancy and maintenance).  Based on assumption of 20% down payment, this investment shows a Cash on Cash Return of 13.44% and needs minimal improvements.  Major renovations completed over the last 4 years including exterior improvements, 4 new kitchens, 4 new bathrooms, windows, landscaping, roof repairs AND MORE!!  For more information, or to arrange a showing, please contact Chris today

Listing ID: MLS#10451
Asking Price: $459,000
Taxes / CAM: $3,222 (2014)
Zoning: R1-5 (LNC)
Square Footage: 5 units sq ft
June 16, 2014


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