376 Garafraxa Street N Durham, Ontario N0G 1R0
$699,900
Opportunity knocks to get into the rental market with this 4-plex in Durham. Live in one unit while the rest pay the mortgage, or keep it as it is with this solid building having long time tenants hence the lower rents, which are due for a raise. Property has a large 2 bedroom unit that's almost 1400 sq ft, along with 2 more 2 bedrooms units & a 1 bedroom. 4 Stoves & 4 Fridges included with tenants paying heat & hydro. There is also laundry hookups if so wanted. In today's rising house market this property could be for you. Total monthly rent will be $3100.00/month after July 1, 2022 allowing for an approximate 4.2% cap rate. (id:21688)
Property Details
| MLS® Number | 40197839 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Place Of Worship, Playground, Schools |
| Community Features | Community Centre, School Bus |
| Features | Conservation/green Belt, Golf Course/parkland |
| Parking Space Total | 4 |
Building
| Bedrooms Total | 7 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Stone |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 4000 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Place Of Worship, Playground, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 165 Ft |
| Size Frontage | 60 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2 |
Utilities
| Cable | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/23925816/376-garafraxa-street-n-durham
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June 21 2022 05:15:28
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