Description
Great investment opportunity! Huntsville has an excellent rental market, with a lower share of renter households compared to provincial averages. This building makes up over 1% of the purpose-built units in Huntsville! The Town is considered to have a 0% vacancy rate, a rate it has maintained for several years. Vacancy rates below 3% can drive up rents as tenants compete for fewer units. All this points to a property withan excellent ROI, only to increase with time. This four-plex is located within walking distance of downtown Huntsville. the building was completely renovated in 2012 with new plumbing, electricalsiding, roof, doors, windows, flooring, cabinetry, bathrooms and fixtures, and R60 insulation. New commercial boiler installed in July 2023. This propertyhas four one bedroom units with natural gas hot water radiators, separate Hydro panels in each apartment, modern kitchens, bathrooms and finishes. The basement has coin-operated laundry and a separate storage space for the landlord's use. Plenty of parking and nicely treed, private back and side yards for tenants to enjoy. All 4 units fully rented with excellent income.
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4BEDS
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N/AACRES
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4BATHS
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01/2 BATHS
School Ratings & Info
Description
Great investment opportunity! Huntsville has an excellent rental market, with a lower share of renter households compared to provincial averages. This building makes up over 1% of the purpose-built units in Huntsville! The Town is considered to have a 0% vacancy rate, a rate it has maintained for several years. Vacancy rates below 3% can drive up rents as tenants compete for fewer units. All this points to a property withan excellent ROI, only to increase with time. This four-plex is located within walking distance of downtown Huntsville. the building was completely renovated in 2012 with new plumbing, electricalsiding, roof, doors, windows, flooring, cabinetry, bathrooms and fixtures, and R60 insulation. New commercial boiler installed in July 2023. This propertyhas four one bedroom units with natural gas hot water radiators, separate Hydro panels in each apartment, modern kitchens, bathrooms and finishes. The basement has coin-operated laundry and a separate storage space for the landlord's use. Plenty of parking and nicely treed, private back and side yards for tenants to enjoy. All 4 units fully rented with excellent income.