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188 Church St – Turnkey 5-Plex | 13.1% Cap Rate Excellent opportunity to add a cash-flowing 5-unit investment property to your portfolio. Featuring a strong unit mix of three 1-bedroom units and two 2-bedroom units, this property offers steady rental demand and stable tenancy appeal. Efficient natural gas boiler heat helps maintain predictable operating costs, while the newer detached double garage provides additional income potential through storage or parking rentals. Generating $62,580 gross annual income with a 13.1% cap rate, this is an attractive opportunity for investors seeking strong returns and long-term performance. (id:67647)

Features

Heating

  • Radiant/Infra-red Heat
  • Boiler

Basement

  • Full

Foundation

  • Stone

Exterior

  • Steel
  • Brick

Parking

  • Detached Garage
  • Gravel

Fencing

  • Fenced yard

Utilities

  • Natural Gas
  • Electricity
  • Cable
  • Telephone

Water

  • Municipal water

Sewer

  • Municipal sewage system

Community

  • Bus Route

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Listed by Century 21 Choice Realty Inc.
Presented by Bud Jones, REALTOR®, Century 21 Choice Realty Inc.