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    For Sale - 185 Parkhill Road, Peterborough, Ontario

    Est payment $3,841/mo
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    Views   1
    Time on Jump  29 day

    AI Summary *

    • Strong 7.26% CAP rate offers great investment potential.
    • Turnkey 4-plex with impressive cash flow options available.
    • Recent extensive renovations ensure low maintenance and high appeal.
    • Each unit has a private fenced backyard and parking spaces.
    • Central location near amenities and public transit for convenience.




    Take advantage of a fantastic 7. 26% cap rate at 2,4,6,& 8 -185 parkhill! Live in one unit + cash flow ~ $1,300/month, or rent all 4 for +$3,000/month cash flow! Rare opportunity to own an exceptionally maintained, turnkey 4-plex cash cow in peterborough on nearly half an acre - professionally managed & offered for sale for the first time in 28 years. Potential income of ~$85,628 (close to finalizing the 4th lease). Extensively renovated inside & out over the past 15 years, including metal roofs, windows, electrical wiring & panels, plumbing, drywall, vinyl siding, furnaces, central air conditioners, full interior renovations, attractive decks, fences & much more. Units #2 & #4 are single-storey 2-bed, 1-bath units w/partial basements. Units #6 & #8 are spacious 1. 5-storey 2-bed, 1-bath units featuring large primary bedrooms on the 2nd floor, partial basements w/laundry rooms. 2 houses with 4 semi-detached all above ground units. Each unit enjoys its own private, fully fenced backyard & 2 parking spaces. Separate meters and tenants pay all utilities. A well-maintained, substantially updated 4-plex offering the combination investors look for: strong cash flow, four 2-bedroom all above ground units, private yards, ample parking, extensive capital improvements and long-term rental appeal. Unit #4 is currently vacant and available for showings. Buyer to assume all existing tenancies ( 3 leases on units 2,6 & 8 and 5 tenants in total). Please do not walk the yards or disturb the tenants of units #2, #6 or #8 without an accepted offer. Excellent central location within walking distance of amenities & public transit, w/convenient access to trent university & peterborough's colleges, walking/bike lane provide convenient south access to antrim street. Everything is done & done well! Just buy and enjoy solid cash flow from day 1!
    Listing IDX13825698
    Address185 Parkhill Road
    CityPeterborough, Ontario
    Price$799,900
    Bed / Bath8 / 4 Full
    Style1 1/2 Storey, Fourplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Carpet FreeOwnership FreeholdBasement UnfinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 8.00
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    Listing Brokerage: RE/MAX REALTRON REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    185 Parkhill Road
    Peterborough , Ontario
    8 4 $799,900
    Get more info