Courtesy of: RickParks, Salesperson, EXP REALTY
Courtesy of: RickParks, Salesperson, EXP REALTY
$339,000
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Multi-family
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$339,000
502 MARLBOROUGH STREET Just reduced to $339, 000 - Cap Rate now at 8.17% !!! Fantastic Duplex Opportunity! This well-maintained side-by-side duplex features two-storey units, each comprising 2 beds and 1 bath. One unit is currently owner-occupied and will be vacant upon possession. Heated with forced air gas, the rented side is heated with a gas space heater. Ideal for investors or owner-occupiers, the property offers a shared shed behind paved parking. The tenant in one unit pays $955 all-inclusive with last month's rent on hand. The owner's unit could rent for $2000 per month + utilities, yielding a net cash flow of almost $28, 000 and a cap rate of 8.17% Roof & Windows replaced in 2018 (as per prev owner) Hot Water Tanks (2) 2017 Whether you're expanding your investment portfolio or seeking assistance with mortgage expenses as a first-time homebuyer, this duplex is a perfect choice. (id:203)