613-777-2662
35
307 ALFRED STREET
$1,299,000 Sale
Listed 10 days ago
· 9+2
· 6.0
· 0
· 3500 - 5000
Key Facts
Key facts for 307 ALFRED STREET
Property Type
Apartment, Fourplex
Parking
Garage: No, 0 parking
MLS #
X12332319
Size
3500 - 5000 sqft
Basement
Finished, N/A (Finished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Incredible downtown Kingston legal 4-unit investment property seconds from Queen's University and everything else nice that Kingston has to offer. This 11 bedroom fourplex is the perfect addition to a rental portfolio offering a rare combination of stability, demand, and strong returns. The building... is currently fully leased (Apt 1 $1600, Apt 2 $4100, Apt 3 $1600 and Apt 4 $2143.59) and has never been vacant - the consistent demand has been proven over the years. Owned by the same owner since 2004, this investment has paid off. Generating impressive rental yields, this property is currently bringing in over $113,000 per year with a cap rate of nearly 6%! Unit 1 features 2 good sized bedrooms, along with a full kitchen and bath. Units 2, 3, & 4, are all 3 bedroom units with cozy kitchens, multiple bathrooms, big windows and large bedrooms. The charm, walkability, and lakeside lifestyle continue to attract tenants year-round. Whether you're expanding your portfolio or entering the market, this is a prime opportunity to invest in one of Ontario's most dependable university towns. (id:10452)
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Room Types
Bedroom 2
-
Dimensions 2.44 m x 4.57 m
120.03 sqft
Bedroom 2
-
Dimensions 2.59 m x 3.35 m
93.39 sqft
Bedroom 2
-
Dimensions 3.35 m x 2.74 m
98.8 sqft
Listing courtesy of: RE/MAX RISE EXECUTIVES, BROKERAGE
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