Orleans - Cumberland and Area - 1102 - Bilberry Creek/Queenswood Heights
Orleans - Cumberland and Area - 1102 - Bilberry Creek/Queenswood Heights
Sold For$700,000
Listed For $650,000
Sold Jun 2022
Flooring: Laminate, Attention SAVVY HOMEOWNERS! Completely renovated & turnkey LEGAL 2 Unit bungalow located in beautiful Queenswood Heights. Projected Gross Income of $44,400. Lower level is vacant (rare opportunity to select your own tenants - should rent for $1750). Upper unit has been under rented to an excellent long-term tenant at $1500 (rents have never been raised - market rent is $1950). OWNER OCCUPY either unit & have the other unit pay 85% of your mortgage! Both units feature timeless white kitchens, new appliances, in-suite laundry, low taxes, and no rental equipment, providing the perfect Low Expense/Low Maintenance investment opportunity! Annual Expenses are $8,198. Current Net Income: $30,807. Projected Net Income: $36,207. Furnace, AC, HWT, Basement SDU, living room window
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