Welcome to 1107 Gretchen Court, a well-located property that hosts both a 2016 built fourplex and a 2024/25 built duplex all on one lot for a total of 6 units on one property. Each of the spacious units offer stunning curb appeal and all the conveniences that appeal to a wide spectrum of tenants. Each of the 6 units on this turn key investment property are approximately 1100sqft and feature 2 bedrooms, 1 bathroom, natural gas forced air furnace, and central air conditioning. The upper units in the fourplex host west facing balconies while the main level units in the fourplex have both a front entrance and a rear entrance off the parking lot. This property currently grosses $135,648 annually, and with market priced rents has a potential gross revenue of $156,000 annually. Current operating expenses are $22,465.50 and Net Operating Income is $113,182.50. 24h Notice minimum for all showings. As per for 244, seller required 24h irrevocable on all offers. (id:15069)
| MLS® Number | X12814648 |
| Property Type | Multi-family |
| Community Name | 717 - Cornwall |
| Parking Space Total | 8 |
| Structure | Patio(s) |
| Bathroom Total | 6 |
| Bedrooms Above Ground | 12 |
| Bedrooms Total | 12 |
| Appliances | Water Heater |
| Basement Type | None |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding, Brick |
| Foundation Type | Concrete, Slab |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 187 Ft ,10 In |
| Size Frontage | 110 Ft ,4 In |
| Size Irregular | 110.4 X 187.9 Ft |
| Size Total Text | 110.4 X 187.9 Ft |
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29392461/1107-gretchen-court-cornwall-717-cornwall
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