Active
$229,900
Condos For SaleAbout This Property
Turnkey investment opportunity with strong upside potential! This solid 1-story brick building features four 1-bedroom, 1-bath units, offering a straightforward and desirable layout for tenants. Currently, three units are occupied with rents of $600, $595, and $195 (the $195 tenant assists with property maintenance), while one unit is vacant, providing immediate opportunity for an owner to increase cash flow. The property is significantly under-rented, with CMHA rents in the area reaching up to $1,166 including utilities, presenting a clear path to substantial income growth. With its durable brick construction and manageable unit mix, this property is ideal for investors looking to stabilize, increase rents, and maximize returns. Whether you're expanding your portfolio or seeking a value-add opportunity, this property offers excellent income potential in a proven rental market. Don't miss your chance to capitalize on this high-upside, income-producing asset!