Description de la propriété située au 280 LESTER Street Unit# 116
This unit is currently tenanted with a lease (5 years) in place until November 2028, and rent escalates annually from $4,350.50/month now to $5,791.25/month in the final year. Net annual income averages ~$40,293 over the next 3.5 years, resulting in a strong ~6.21% cap rate. There is a 5 year renewal option in the lease. Given the location, secure cash flow, and minimal upkeep, this property would appeal greatly to passive investors. Why Invest? - Long-term, escalating lease in place - Low operational burden - Strong rental growth outlook - Located in high-demand core Perfect for hands-off investors seeking passive income and asset appreciation (id:38686)
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Renseignements sur la propriété
Impôt foncier
: 6 003 $# MLS®
: 40759992
Caractéristiques de la propriété
Type de propriété
: CondoSuperficie habitable
: 558 pi²Quartier
: 417 - Beechwood/University
Services publics
Égout
: Municipal sewage system
Autres
Caractéristiques extérieures
: Concrete
Calculatrice hypothécaire
Inscriptions semblables à Waterloo
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