442 Macdonnell Street, Kingston (Central City East), Ontario

About 442 Macdonnell Street

Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 6 one-bedroom units and 6 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $186600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. CMHC Mortgage is transferable with certain conditions. The Loan loan term ends in 2029 (id:6289)

More Info on this 14 - Central City East Other MLS® listing

442 Macdonnell Street is an other listing for sale in Kingston (Central City East). The MLS® number is X13778204. It features 12 bedrooms, 12 bathrooms. It's currently listed for $2,375,000. For more details on MLS® X13778204, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This other listing in 14 - Central City East is available now!

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