Dows Lake - Civic Hospital and Area - 4502 - West Centre Town
Dows Lake - Civic Hospital and Area - 4502 - West Centre Town
Sold For$795,000
Listed For $899,900
Sold Sep 2022
Flooring: Hardwood, Flooring: Ceramic, NEW PRICE! Now an incredible 7.23% CAP RATE on this Little Italy Fourplex, fully vacant upon completion! $2,000+ CASH FLOW even at current interest rates. R4 Zoning. Massive growth area! Cranes in the air everywhere, residential infill on every street, huge condo projects underway. Hardwood flooring throughout; ceramic tile kitchens, bathrooms, and showers. 4+ private surfaced parking spaces. All units sold furnished. Projected rents: Unit #1 (1 bed) $1,595; Unit 1B (1 bed) $1,645; Unit 2 (1 bed w/o living rm) $1,495; Unit 3 (1 bed) $1,595. Average $175/month laundry income. Gross income $6,505/month or $78,060/year. All expenses total $13,005. NET income $65,055. CASH FLOW after finance @3.5% is $26,262/year or $2,189 monthly cash flow.
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