Size
-
Lot size
501.68 sqm
Street frontage
-
Possession
-
Price per sqm
$12,519
Taxes
-
Parking Type
-
Style
-
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Description
This is the definition of a turnkey and worry free investment. Welcome to 42 Portland st. Cambridge. No expense was spared in this conversion project from church to 4 unit property. With a 5 year lease in place for all 4 units, the savvy investor has no worries about tenant turn over, no worries about rental increases (4% per year already in place), and no worries about the maintenances of the building. In the next 5 years this building will collect $614,210 in rent and tenant covers all utilities. All mechanicals new and owned, appliances are brand new, metal roof for longevity, all new wiring (200amp) and plumbing and a new water main and sewer main, and Insulation redone to meet energy efficiency code. Located in a quiet area and truly a must see, don't let this opportunity slip by.
Broker: SHAW REALTY GROUP INC.
MLS®#: 40605582
Property details
Parking:
6
Parking type:
-
Property type:
Fourplex
Heating type:
Forced Air
Style:
-
MLS Size:
135 sqm
Lot front:
13.72 M
Lot depth:
36.58 M
Listed on:
Jun 13, 2024
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