For Sale: 368 Maxwell Street, Sarnia, ON - REW
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$363,900
0 bd • ba • sf • Multifamily
368 Maxwell Street
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$363,900
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368 Maxwell StreetSarnia, ON, N7T 5E2

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

Attention investors! Outstanding opportunity to acquire a cash-flowing duplex in the heart of Sarnia, offering three self-contained units and strong income potential at an affordable price point. With a total of 7 bedrooms, 3 bathrooms, and 3 full kitchens, this purpose-built income property is an excellent addition to any investment portfolio. This property is currently generating $4,800 per month ($48,000 annually) in gross rental income, with all rents inclusive. Current rental breakdown is as follows: Unit 1-$1,400/month (scheduled to be vacant mid-August, with the seller willing to make provisions to secure a new tenant prior to closing, subject to the terms of the Agreement of Purchase and Sale), Unit 2- $1,650/month and unit 3-$950/month. Based on previous years' operating figures, annual expenses are estimated at approximately: Gas -2,700, Hydro & Water-$6,206, Insurance-$1,200, Maintenance-$ 1,800, and Property Taxes -$3,100. The hot water tank is owned, eliminating rental costs. this results in an attractive estimated Net Operating Income, making this a rare opportunity to acquire a positive cash-flow investment property for under $400,000. Conveniently located close to amenities, schools, shopping and public transit, this property offers stable rental demand and long-term investment potential. Property is being sold as is, where is, as the Seller will provide limited representations and warranties with respect to the property. A fantastic opportunity for investors seeking immediate income with future upside. (id:63626)
Listed by: MELISSA BENNETT, Sales Person, Royal LePage Key Realty

Home facts and features

Price details
List Price
$363,900
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
Year Built
Built in 1900 (126 yrs old)
Title
Freehold
Exterior Finish
Aluminum/Vinyl
Heating Type
Forced air, Natural gas, Furnace
Agent details
Primary Agent
MELISSA BENNETT
Primary Broker
Royal LePage Key Realty
Listing details
Days on REW
92 Days
Property Views
28
MLS® Number
26015662
Source
Canadian Real Estate Association
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Property Insights

London Road School
  • Public
  • JK - 8
Hanna Memorial Public School
  • Public
  • JK - 8
St. Matthew Catholic School
  • Catholic
  • JK - 8
Great Lakes Secondary School
  • Public
  • 9 - 12
High Park Public School
  • Public
  • JK - 8
Queen Elizabeth II School
  • Public
  • JK - 8
Rosedale Public School
  • Public
  • JK - 8
Holy Trinity Catholic School
  • Catholic
  • JK - 8
King George VI Public School
  • Public
  • JK - 8
É Élém C Saint-Thomas-d'Aquin
  • Catholic
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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      Sales Person
      MELISSA BENNETT
      Phone:
      (519) 464-8550
      Office:
      519-336-7560
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