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42 PORTLAND STREET, Cambridge, Ontario
$1,690,000
- 7 Beds
- 4 Baths
This is the definition of a turnkey and worry free investment. Welcome to 42 Portland st. Cambridge. No expense was spared in this conversion project from church to 4 unit property. With a 5 year lease in place for all 4 units, the savvy investor has no worries about tenant turn over, no worries about rental increases (4% per year already in place), and no worries about the maintenances of the building. In the next 5 years this building will collect $614,210 in rent and tenant covers all utilities. All mechanicals new and owned, appliances are brand new, metal roof for longevity, all new wiring (200amp) and plumbing and a new water main and sewer main, and Insulation redone to meet energy efficiency code. Located in a quiet area and truly a must see, don't let this opportunity slip by. (id:23309)
- Listing ID: X8442146
- Property Type: Single Family
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This property for sale, located at 42 PORTLAND STREET in Cambridge, was last modified on July 9th, 2024. Let us connect you with one of our real estate agents to schedule a viewing or to find other properties for sale in Cambridge.
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