$654,000
$649,900
0.6%For more information regarding the value of a property, please contact us for a free consultation.
13 Kent ST Norfolk, ON N3Y 1W4
5 Beds
7 Baths
Key Details
Sold Price $654,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X9235335
Sold Date 10/17/24
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,127
Tax Year 2023
Property Description
Welcome To 11-13 Kent St, A Remarkable Downtown Building, With Combined Commercial & Residential Space, Currently Utilized As A Six Unit Residential, Plus One Vacant Commercial Unit, Generating Impressive Rental Income. This "Cash Cow" Property Offers An Attractive Cap Rate Of Over 9.0%! Currently Generating $71,400 Annually With One Vacant Residential Unit That Could Increase Your Income To $87,600 Per Year, Plus One Vacant Commercial Unit $$$ Perfect For Investors Seeking Substantial Rental Income Or Families Looking For Multi-Generational Living Arrangements, This Property Is Centrally Located, Offering Easy Access To Amenities and Shopping. Whether You're A Seasoned Or Novice Investor, This Multi-Unit Property Presents An Exceptional Opportunity.
Location
State ON
County Norfolk
Zoning C
Rooms
Family Room No
Basement None
Kitchen 6
Interior
Interior Features Other
Cooling Other
Exterior
Garage None
Pool None
Roof Type Flat
Parking Type None
Building
Foundation Concrete Block, Stone
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