Inside the home
This five-unit multiplex in West Brant was fully renovated around 2021. Every unit received new kitchens with quartz counters and stainless appliances, updated bathrooms with tile surrounds, in-unit stacked laundry, and new laminate flooring throughout. The building envelope — siding, roof, windows, and doors — was also replaced at the same time. The property is fully tenanted and the listing reports a 7.8% cap rate, which is a number investors will want to verify independently against current rents and expenses. Each unit has its own gas meter and separate entrance off the shared paved lot. The crawl space is unfinished, and there is little to no green space on site. Buyers should confirm mechanical ages and review leases before closing.
- Five fully renovated units with consistent modern finishes throughout
- New siding, roof, windows, doors, and electrical completed 2021
- Updated kitchens with quartz counters, subway tile, and stainless appliances
- In-unit stacked laundry in each unit
- Separate gas meters per unit
- Fully leased with reported 7.8% cap rate
- Large paved parking area on site
Attention Investors. Turn Key Opportunities like this don't come around often with a 7.8% cap rate. Fully leased and recently updated 5 plex featuring 1 - 3 bedroom unit and 4 - 2 bedroom units. Your clients will love the open concept main floor with quartz kitchen counter tops, new stainless steel appliances and hidden laundry room. wWindows, doors, electrical, plumbing, siding, facia updated 2021. Basement rim joist was also spray foamed for added R-value. With the potential to turn this multiplex into a condo development and sell the individual units, you won't want to miss your chance to see this investment.
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