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$ 939,500
Est. payment | /mo
10 Beds
6 Baths
$ 939,500
Est. payment | /mo
10 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Trenton Ward
MLS Listing ID X13140160
Style 2-Storey
Bedrooms 10
Annual Tax Amount $6,781
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Must be sold together with 28 McColl St, MLS #X13140164. Great Investment Opportunity in Trenton. 188 Henry St has four 2-bedroom units and two 1-bedroom unit. These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller's preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with some units renovated. Numerous capital improvements have been completed in recent years, including electrical, windows, roofing and front doors. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds available for additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential.
Location
Province ON
County Hastings
Area Hastings
Rooms
Family Room No
Basement Apartment
Kitchen 6
Interior
Interior Features Water Heater, Water Heater Owned, Water Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 112.4
Lot Depth 56.46
Total Parking Spaces 6
Building
Unit Features Lake/Pond,Marina,Public Transit,School,Hospital,Park
Foundation Concrete
Others
ParcelsYN Yes
Listed by RE/MAX REALTRON REALTY INC.
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