Listed by Royal Lepage Proalliance Realty.

121 Station Street is a Multiplex, 2-Storey and is currently for Sale @ $899,900. Taxes in 2024 were $4,447.25.

More homes for sale under 900k in Belleville

With Rents On The Rise, Buy-And-Hold Rental Investment Is A Shining Star In Today's Real Estate Market. The 2-Storey on 121 Station Street has 7 bedrooms, 7 bathrooms, and is located on a 126.75 x 35.50 ft loton < .50 acres in the community of . Once In A Great While, We Find An Income Property Like This One. Owned By The Same Family For Over 40 Years This 6-7 Unit Property Is A Solid Moneymaker. Currently, There Are 4-1 Bedroom Units & 2 Bachelors. The 7th Is Currently The Owner's Office And Could Be Rented As A Studio/Room At $800/Month. All Units Have Separate/Private Entrances (No Hallways or shared entrances). With A Potential Gross Income Of $96,000 The Property Nets Approximately $72,000 Before Financing With A Cap Of Almost 9%. The Property Is In Excellent Condition, With All Wiring and plumbing updated. 2 Units Are Newly Refreshed, and 1 has just been renovated. Mostly at market rents and with increases possible on turnovers. Great tenants who are all working folks or retirees. Very clean, well-kept property, creating worry-free cash flow.

The address 121 Station Street was listed for sale (MLS# X8369506) on Friday, May 24, 2024.