White siding exterior with a dark shingle roof Features: stoop, downspout, parking pad, horizontal siding, gutters, concrete block foundation More Photos

×

    For Sale - 368 Maxwell Street, Sarnia, Ontario

    Est payment $1,801/mo
    Get pre-qualified
    Views   6
    Time on Jump  71 day

    AI Summary *

    • Cash-flowing duplex in a prime location with strong income potential.
    • Three self-contained units with a total of 7 bedrooms and 3 kitchens.
    • Currently generating $4,000 monthly in gross rental income.
    • Conveniently located near amenities, schools, and public transit.
    • Potential for positive cash flow under $400,000 investment.




    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 $4,000 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.
    Listing IDX13565718
    Address368 Maxwell Street
    CitySarnia, Ontario
    Price$374,999
    Bed / Bath7 / 3 Full
    StyleBungalow, Duplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features NoneOwnership FreeholdBasement UnfinishedFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 3.00
    ASAP

    Fri

    25

    Sep

    Sat

    26

    Sep

    Sun

    27

    Sep

    Mon

    28

    Sep

    Tue

    29

    Sep

    Wed

    30

    Sep

    Thu

    1

    Oct

    Fri

    2

    Oct

    Sat

    3

    Oct

    Sun

    4

    Oct

    Mon

    5

    Oct

    Tue

    6

    Oct

    Wed

    7

    Oct

    Thu

    8

    Oct

    Fri

    9

    Oct

    Sat

    10

    Oct

    Sun

    11

    Oct

    Mon

    12

    Oct

    Tue

    13

    Oct

    Wed

    14

    Oct

    Thu

    15

    Oct

    Fri

    16

    Oct

    Sat

    17

    Oct

    Sun

    18

    Oct

    Mon

    19

    Oct

    Tue

    20

    Oct

    Wed

    21

    Oct

    Thu

    22

    Oct

    Fri

    23

    Oct

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Agency:  RE/MAX PREMIER 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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    755 Talfourd Street
    Sarnia, Ontario.
    4 Beds | 2 Baths
    $359,900
    390 George Street
    Sarnia, Ontario.
    4 Beds | 2 Baths
    $429,999
    139 Gordon Street
    Sarnia, Ontario.
    3 Beds | 2 Baths
    $333,900
    114 College Avenue
    Sarnia, Ontario.
    3 Beds | 1 Baths
    $324,900
    1027 London Road
    Sarnia, Ontario.
    3 Beds | 1 Baths
    $409,900
    221 Bright Street
    Sarnia, Ontario.
    3 Beds | 1 Baths
    $324,900
    979 Wellington Street
    Sarnia, Ontario.
    4 Beds | 1 Baths
    $409,900
    5700 Blackwell Side Road Un…
    Sarnia, Ontario.
    2 Beds | 2 Baths
    $409,900
    311 Conrad Street
    Sarnia, Ontario.
    5 Beds | 1 Baths
    $349,900
    Loading...
    368 Maxwell Street
    Sarnia , Ontario
    7 3 $374,999
    Get more info