Home / Listings / 32 Wallace TER

Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.39% cap rate, with additional income potential through the creation of a third unit. Legally zoned for a triplex, the property currently features one two-bedroom unit and one one-bedroom unit, while the upper level is ready to be renovated into an additional unit. Most of the materials required to complete the renovation are included with the sale. Tenants pay their own PUC utilities, helping to keep operating costs low. Additional highlights include a durable metal roof and a garage offering valuable storage space. A fantastic opportunity for investors looking for immediate rental income with room to grow! (id:67647)

Features

Heating

  • Forced air

Basement

  • Full

Foundation

  • Concrete Perimeter

Exterior

  • Aluminum siding

Parking

  • Concrete

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 Exit Realty True North.
Presented by Bud Jones, REALTOR®, Century 21 Choice Realty Inc.