Property Description for 181 PRESTON STREET
Spacious Fourplex with Strong Rental Income! This larger fourplex offers an exceptional investment opportunity with solid rental income from fully rented units. Situated in a desirable area, each unit features its own unique layout to attract a range of tenants. Property Highlights: Unit 1: Spacious 4-bedroom unit renting at $2,000/month (plus hydro) with a natural gas furnace installed in 2015, providing efficient heating. Unit A: Cozy bachelor unit renting at $850/month (plus hydro), ideal for singles or couples. Unit B: Comfortable 1-bedroom unit renting at $1,100/month (plus hydro), offering a great balance of space and affordability. Unit C: Compact 1 bedroom unit renting at $820/month, all-inclusive for convenient budgeting. Utilities & Heating: Unit 1: Heated by a natural gas furnace, ensuring warmth and energy efficiency. Units A, B, and C: Equipped with electric heating for individualized control. This property boasts strong, reliable rents with room for potential increases. Perfect for investors seeking a low-maintenance asset with a steady income stream **** EXTRAS **** MPAC 324, Total Sq.Footage 2200, Hydro Tenants, Heat $1140 /12mths, Water-Sewer $363 / mths. This property has central air. The property has gas heat and electric baseboards. The Natural gas fire place is not working. (id:38686)
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Property Details
Property Tax
: $5,100MLS® #
: T10406477
Home Features
Property Type
: Single Family
Interior Features
Heating
: Forced air, Natural gasFireplace
: YesBasement
: Partially finished, N/A
Utilities
Sewer
: Sanitary sewer
Other
Exterior Features
: Stucco
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