Smiths Falls - 901 - Smiths Falls
Smiths Falls - 901 - Smiths Falls
Sold For$301,000
Listed For $284,000
Sold Oct 2020
You read that right, only $284k for a renovated TURNKEY VACANT POSSESSION duplex in sensational Smiths Falls. 11% CAP RATE. This rent-ready duplex is set to achieve a projected annual gross income of $32,400 ($2,700 monthly:$1500/3Bed, $1200/1bed). Stop looking at project properties and under-rented duplexes in the high-290's and low 300's and turn your attention here instead! Pick your own tenants at full market rent! Steps to downtown and 4 minutes to the Tweed plant make this the BEST location for investors looking for prime rent prices. Alternatively, a first-time homeowner could move into either unit, rent out the other unit to pay for the entirety of the mortgage, AND walk away with a PROFIT at the end of each month. Potential to incorporate previously finished but now unused attic
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* Values are estimates only and not a guarantee of lending or affordability.