276-278 PINE St

Downtown Investment Property Averaging $35,396/Year Gross In Rental Income And Averaging $14,380/Year In Taxes/Insurance/Utilities/Grounds Maintenance Since Jan. 2007. Cap Rate Is 6.03% - 6.93% Depending On Self-Mgmt. Since 2006 Purchase, Sellers Have Added $65,000 In Upgrades, See Lockbox For Complete List. Building Consists Of One 2-Storey Semi Attached To 1 Ground Floor & 1 Upper Floor Apts. Semi Has 3 Bdrms, 2 Baths, Each Apartment Has 2 Bdrms, 1 Bath. Semi Has Its Own Laundry Room And Fenced Back Yard And Parking For 2 Cars, The Apts Make Use Of A Ground Floor Laundry Room With Pay-Per-Use Washer/Dryer, And Have Rear Parking Area For 4 Cars. This Property Is An Ideal Investment Vehicle And/Or An Opportunity To Live In One Unit And Rent Out The Rest. At Least 24 Hours Notice Required For Showings. Lease Details: Semi - Leased 'Til 30/9/11 @ $1400/Mth (Tenant Wishes To Renew); Apartment.1 - Mth To Mth @ $970/Mth. Apartment. 2 - Leased 'Til 30/6/12 @ $950/Mth. Pls Click Multimedia Icon To Enjoy The V-Tour.