398 Brown Street Dresden, Ontario N0P 1M0
$299,000
INVESTORS! Are you looking for a positive cash-flow investment property? Look no further! Situated on a generous corner lot, this triplex offers an excellent investment opportunity, featuring three 1-bedroom units—two of which are vacant and one currently occupied under a month-to-month lease. This setup allows for immediate leasing of two units at current market rates (Potential for $3600 monthly income). The first vacant unit has been completely renovated, offering modern finishes and move-in readiness. The second vacant unit presents a unique opportunity for value enhancement, with potential for conversion into a spacious 2-bedroom unit, perfect to boost monthly revenue. Additionally, the property offers a metal roof and a detached double car garage with ample parking, accommodating multiple tenants with ease. Its prime location near a variety of essential amenities, coupled with its proximity to the downtown area, heightens its appeal as a highly desirable rental choice. (id:38604)
Property Details
| MLS® Number | 40569353 |
| Property Type | Multi-family |
| ParkingSpaceTotal | 6 |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 3 |
| BasementType | None |
| CoolingType | None |
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Brick |
| HeatingFuel | Electric, Natural Gas |
| StoriesTotal | 2 |
| SizeInterior | 2450 |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 99 Ft |
| SizeFrontage | 66 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R1(f) |
https://www.realtor.ca/real-estate/26731979/398-brown-street-dresden
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 06 2024 02:40:20
London and St. Thomas Association of REALTORS®