TerminatedMultiplex

8-10 Wellington Street

Name: 8-10 Wellington Street - Terminated Jan 2019
Brand: ROYAL SERVICE REAL ESTATE INC., BROKERAGE
Price: 687900 CAD
Availability: OutOfStock

Clarington - Bowmanville

8-10 Wellington Street

Clarington - Bowmanville

Listed For $687,900

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Terminated Jan 2019

6 Bedrooms Bedrooms

5 Bathrooms Bathrooms

0 Garage Garage

Description

Turn Key Cash Positive Investment In Rapidly Growing Municipality Clarington. Gross Monthly Income $4363.00. Net Yearly Income Of $39,548.75 Cap Rate Of 5.733%. Long Term Tenants, Low Overhead, Low Maintenance Building. Price To Sell. Building Needs Some Updating But Has Great Future Potential. Sold As Is. Property Has Been Operating As A Multiplex For 50 Plus Years. Property Is Not Legal Non Conforming. Currently Zoned R1-12.

Key facts for 8-10 Wellington Street

Tax$4,181.64 / 2018

Property TypeMultiplex, 2-Storey

ParkingNone Spaces, Total 5 Spaces

Parking FeaturesPrivate Double

BasementFinished

Listing #E4317016

Days on Market--

Listing BrokerageROYAL SERVICE REAL ESTATE INC., BROKERAGE

Data SourcePROPTX

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(866) 511-7171

info@realtris.ca

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Cash Flow Analysis

Est. Mortgage Payment

$3,359/mo

Monthly Expenses & Income

Property Tax

Maint. / Fees

Est. Rental Income

$5.2% net yield

Net Monthly Cash Flow-$57

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