For Sale - 757 Fourth Avenue, Tay, Ontario

Est payment $4,077/mo
Views   1
Time on Jump  28 day
  • Fully tenanted four-plex with established long-term rental demand.
  • Current gross rental income of $78,000 annually from four units.
  • Operating expenses around $17,126 result in a net income of $60,873.
  • Mixed-use zoning allows for residential or commercial use.
  • Great opportunity for investors seeking a turnkey income property.



Investment opportunity! Fully tenanted four-plex offering and excellent opportunity for investors seeking a turnkey income producing property. The property features four- self contained residential units, including unit 1- 2 bed, unit 2- 1 bed, unit 3- 2 bed, unit 4- 2 bed, providing a desirable mix of long-term rental demand. Current gross rental income $78,000 annually from the 4 units, laundry and storage. Current operating expenses are approximately $17,126 annually, resulting in a net of $60,873. Well suited for experienced investors and those looking to add a multi-residential property to their portfolio. With all 4 units occupied, the property offers immediate rental income and an established tenant base. Property is fully tenanted. Showings of the interior are available following an acceptable offer, with appropriate notice to tenants. Please do not disturb the tenants. Bonus: mixed use zoning allowing for residential or commercial.
Listing IDS13821326
Address757 Fourth Avenue
CityTay, Ontario
Price$849,000
Bed / Bath7 / 4 Full
Style2-Storey, Fourplex
ConstructionStucco (Plaster)
TypeMulti-Family
StatusFor Sale
Subtype FourplexIndoor Features Carpet FreeOutdoor Features Year Round LivingOwnership FreeholdBasement OtherFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 10.00
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Listing Brokerage: CENTURY 21 B.J. ROTH REALTY LTD.

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757 Fourth Avenue
Tay , Ontario
7 4 $849,000
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