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Listed by Rare Real Estate Inc..
403 PEACH TREE Lane is a Triplex and is currently for Sale @ $1,369,000. Taxes in 2023 were $6,166.00.
More homes for sale under 1.4M in Manor Park - Cardinal Glen and Area
Turnkey triplex with significant upside. The home on 403 PEACH TREE Lane has 0 bedrooms, 0 bathrooms, and is located on a 99.87 x 55.94 ft lot in the community of 3103 - Viscount Alexander Park . An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in the basement., Flooring: Hardwood, Flooring: Laminate
The address 403 PEACH TREE Lane was listed for sale (MLS# X10418773) on Friday, November 01, 2024.
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55.94 x 99.87 ft lot
