4379 Old Highway 2 Street, Belleville, ON
Very high cap rate income generating property. All season permanent residential 18 spots trailer parks with a house for 2 apartments and a flat for 3 apartments. Virtually no time to be vacant while the tenants own the trailers. Easy to operate. Collect rent, respond to tenants requests thru a superintendent. Stable and high return. Property has been improved a lot over last few years putting $. Replaced underground water lines, power panel, oil heat to gas * extras * renovated some apartments. A septic bed was replaced in nov. 2016.(tanks should be replaced by buyer later.) just collect rents, gross income is about $114, 000. Trailers pay own hydro.Cap rate about 12%! Simple rental residence.
Listing Details
4379 Old Highway 2 Street, Belleville, Ontario, K8N4Z4
Multi-Family
432.62x364.17 FT 3.620 Acres
X3788620
Multi-Family for sale in Belleville located in 4379 Old Highway 2 Street , Ontario , K8N4Z4 , Canada. This Multi-Family have bedrooms and bathrooms. This property listing building style is . For all the rest of the information we have about this property in Belleville , see above.