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    For Sale - 368 Maxwell Street, Sarnia, Ontario

    Est payment $1,747/mo
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    Views   6
    Time on Jump  96 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$363,900
    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
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    Listing Brokerage: 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.

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    368 Maxwell Street
    Sarnia , Ontario
    7 3 $363,900
    Get more info