Property Description for 39898 HURON PARK Road
***POTENTIAL FOR POSTIVE CASH FLOW PROPERTY, WITH RENT CONTROL EXEMPTION IN LOWER UNIT*** Looking for an income property to add to your portfolio? Or maybe a starter property to get in the market with some rental income to help with the mortgage? This is the one for you! This rare, fully completed legal duplex (2-3 bdrm, 2 bath units) sits on large rural lot just minutes from town. This fully renovated home sits on a 114 ft wide by 148 ft deep lot with 24 ft by 26 ft detached workshop for car enthusiast or hobbyist in addition, there is a double car garage attached to the home. Potential Rents: Upper Unit $2500 +utilities and Lower Unit: $2300 + utilities. Potential of Gross Rent of$56,700/annum, Estimated Expenses of $11,850/annum, and Estimated Net Income $45,750. Both units are vacant on closing. Add this unique property into your portfolio. (id:38686)
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Property Details
Property Tax
: $4,608Last Updated
: Wed, May 31, 2023MLS® #
: 40378265Date Listed
: N/A
Home Features
Property Type
: MultiFamilySquare Footage
: 1,539 SQFTSubdivision
: Stephen Twp
Interior Features
Heating
: Radiant heat, Forced air, In Floor HeatingBasement
: Finished, Full
Utilities
Sewer
: Municipal sewage system
Other
Parking Features
: Attached Garage, Detached GarageFireplace Features
: Electric, Other - See remarksExterior Features
: Vinyl siding
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