Description

Terrific, well-maintained investment property where tenants pay all utilities, just a few minutes into Woodstock and 12 minutes to Kingston. It's a desirable location for any tenant with plenty of backyard for all three and a quick walk to the Rail Trail. Brand new $38, 000 septic system, new furnace for 2-bedroom unit and new electric water heaters. The three units are side by side, affording privacy for all tenants: no noisy neighbors upstairs. All units are currently vacant for sale purposes but has served the current owner well, always rented, although the rents were under market. Rents projected, in a rental market where long-term rental inventory seems to be at an all-time, low reflect current market value market value. Cap rate would be a very healthy 8.9 per cent. (One of the listing agents is the owner of the property.)

For more details:

Listed by: Corcoran Country Living