GEOFF WORTHING, MBA
Sales Representative
Sales Representative
96 BROCKVILLE STREET, Smith Falls, Ontario
ID#513550 | MLS# 1327350 | Listed at $599,900.00
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Description
LEGAL TRIPLEX earning a sensational ~7.43% cap rate and ~$1,003 in profit per month! This is the cream of the crop for cashflow oriented investors. Prove your investment acumen and show other investors that you CAN cashflow a turn-key triplex ~$1,000 monthly at current interest rates by locking in this deal. Gross income ~$52,140, expenses ~$7,581, NET ~$44,559! Cash flow after finance (20% down, 5.45% interest, 30yrs) is ~$1,003/month. Click the “More Photos” button on Realtor.ca for financial analysis. Two of three units are extensively renovated with modern and durable attractive finishes. 1x3-bed $1900+heat & hydro (current); 1x2-bed $1595+heat & hydro (projected), 1x1-bed $850+heat & hydro (current, far below market). Mechanical systems are all updated. Downtown Smiths Falls has been completely revitalized with new streetscape. This town is now booming with new housing, entrepreneurship, and new businesses. Despite all of the improvement, tax rates in town increased 0% in 2022. (id:1508)
Special Features
- Amenities Near By: Recreation Nearby, Shopping
- Basement Development: Unfinished
- Basement Features: Low
- Basement Type: Unknown (Unfinished)
- Constructed Date: 1900
- Fireplace Present: False
- Flooring Type: Mixed Flooring
- Foundation Type: Stone
- Heating Fuel: Electric, Natural gas
- Number of Stories: 2
- Utility Water: Municipal water
- Has Acreage: false
- Land Amenities: Recreation Nearby, Shopping
- Current Use: Development residential
- Lease Type: Gross
- Parking Space Total: 4
- Zoning: R4
Property Features (Convert Measurements to Imperial)
Property Type Commercial
Building Style Tri-plex
Listing Type For Sale
Age 1900
Property Information (Convert Measurements to Imperial)
Number of Bedrooms 0.0
Number of Bathrooms 0.0
Seller's Comments
The seller has not posted any comments at this time.
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Schools
Mortgage Information
| Title: | Five Year Fixed Mortgage Rates | ||||
|---|---|---|---|---|---|
| Down Payment | Mortgage Rate | Amortization | Description | Payment | Min. Income Required |
| 5.00% - $29,995 | 2.69% | 25 Years | 5 year Fixed | $2,684 | $97,749 |
| 10.00% - $59,990 | 2.69% | 25 Years | 5 year Fixed | $2,524 | $92,956 |
| 20.00% - $119,980 | 2.69% | 25 Years | 5 year Fixed | $2,200 | $83,224 |
| Title: | 3 Year Fixed Mortgage Rates | ||||
| Down Payment | Mortgage Rate | Amortization | Description | Payment | Min. Income Required |
| 5.00% - $29,995 | 2.29% | 25 Years | 3 year Fixed | $2,566 | $94,213 |
| 10.00% - $59,990 | 2.29% | 25 Years | 3 year Fixed | $2,413 | $89,630 |
| 20.00% - $119,980 | 2.29% | 25 Years | 3 year Fixed | $2,103 | $80,326 |
| Title: | One Year Closed | ||||
| Down Payment | Mortgage Rate | Amortization | Description | Payment | Min. Income Required |
| 5.00% - $29,995 | 2.69% | 25 Years | 1 year Fixed | $2,684 | $97,749 |
| 10.00% - $59,990 | 2.69% | 25 Years | 1 year Fixed | $2,524 | $92,956 |
| 20.00% - $119,980 | 2.69% | 25 Years | 1 year Fixed | $2,200 | $83,224 |
Disclaimer:
Rates are subject to change and cannot be guaranteed.
Contact me at 613-829-1818
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