121 PATRICIA Avenue , Kitchener

9 Bed / 5 Bath / $775,000 / MLS® Listing #:40043348

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ALL UNITS OCCUPIED. One Unit has 5 bedrooms; One Unit has 3 bedrooms; One unit has 1 bedroom. Excellent opportunity for the motivated investor. Net Operating Income of $43,095.78. Gross Income of $54,300.00. Cap Rate of 5.6%. This fully leased Triplex is centrally located to the downtown Kitchener Tech Center, a 5 minute drive to Google, close to schools, shopping, transit, hospital and easy access to the Highway. This property comes with Three (3) Hydro Meters and Three (3) Water Heaters with one (1) being owned. This is an excellent opportunity also to live in one unit and have the two units pay the mortgage. There is ample parking (9). Lease Agreements in place, , Financials are available, so please reach out to the Listing Rep. Landlord pays Water, tenants pay other utilities. (id:10452)

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Property Details

Property Type Triplex
Square Feet
Maintenance N/A
Days On Our Website 22
Basement Finished - Full (Finished)
Lot Dimensions under 1/2 acre
Pool N/A
Area Kitchener
Air Conditioning Central air conditioning
Heating Electric, Natural gas - Baseboard heaters, Forced air
Exterior Brick
Parking Spaces 9
Parking Type Detached Garage,Detached Garage,Other,Shared
Sewers Municipal sewage system
Water Municipal water, Unknown


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