134-138 Pine Street, Brockville, ON K6V 1H3
6-Plex at 134 Pine and Vacant Lot at 138 Pine, both properties have been combined.
Opportunity is what you will find with these 2 pieces of property. This property is located in the historic part of Brockville which is within walking distance to Water, Shopping, Restaurants and local transit. Currently there are 5 – 2 Bedroom units and 1 -1 bedroom unit with lots of parking. This building has been very well maintained and it shows on the outside and the inside of the apts of this great property. Tenants have been there from 2-15 years. The bonus with this property is that you have a lot beside which is 138 Pine and you could build another 6-8 units for a total of 14 units for 134-138 Pine St Combined. This is an opportunity that does not come up often, so do not miss out. Call now to book your showing and 24 hours notice for tenants of certain units.
All offers will require a 48 hour irrev. as per form 244. No offers will be dealt with unless the property has been viewed.
Directions – Come off the 401 at the Wal-Mart exit and turn left at light and left at next light, once on North Augusta you will come down to King Street where you will turn right heading West, Fourth Street to your right is East and turn right onto Pine
Inclusions – 6 Stoves and 6 Fridges, On Demand Hot Water Heater, 3 Electric Hot Water Heaters,All Blinds in Units
Exclusions – Tenants Belongings
Income – 4980.00(per month) x 12 = $59,760.00 plus 800.00 (approx) for Laundry = $60,920.00
Taxes – 4796.52
Insurance – 2421.40
Hydro One – 1410.78
Enbridge (Gas) – 2479.77
Water and Sewer – 1660.14
Expenses – $12,764.61
INCOME – 48,155.39
7 Hydro Meters
6 Water Meters
Roof was done in 1998