SOLD
- Multi-Residential
1.17 acres
19,300 sq.ft.
MLS®
40582153
Description
Built-in 2000, this quality built 18 unit apartment building is ideally located in Kingston’s West End at the corner of Progress Avenue and Taylor Kidd Boulevard.
The complex is situated on a 1.17 acre parcel land and provides 34 parking spaces.
There are 12 two bedroom units, 3 one bedroom units, and 3 three bedroom units.
Rental income is $295,704, parking income is $10,200, Laundry income is $5,300, air conditioning income is $1125 . Total income is $312,329. Expenses for 2023 are municipal taxes $40,600.89, Enbridge (gas) $10,359.97, water/sewer $7770.97, Hydro One (electrical) $12,260.99, insurance $10,815 and maintenance is estimated (at 5% of Gross rent) $14,785.20. Total Expenses are estimated at $96,593.02
Price
SOLD
Specification
Area Size:
19300 sq ft
Property size:
1.17 acres
Units:
18
Parking:
34 Parking spaces
Total Floors:
3
Features
Close to Schools
Close to transit