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January 11, 2024

LEGAL TRIPLEX IN COBOURG 5.9% CAP RATE FOR SALE! 1 UNIT IS VACANT! BUYER CAN OCCUPY

by Denise Liboiron

LEGAL TRIPLEX 5.9% CAP RATE In COBOURG 1 UNIT VACANT!

$849,000 LIST PRICE LOCATED AT  660 William St Cobourg TRIPLEX INVESTMENT

Click the Link below to view more photos and information for this awesome Investment Property!  MLS®X7352564 

https://listings.insideoutmedia.ca/sites/660-william-st-cobourg-on-k9a-3a5-7215159/branded

Legal Triplex! Investment Property set-back from the road. Superb layout provides Tenants privacy & direct entrances each unit. Conveniently to all amenities that make Cobourg appealing to live, work, play & invest. 98.62 x 130.81 Feet lot has space from adjacent property w/ privacy trees. Well-maintained. Solid tenancy. 1 lower unit JUST vacated & Professionally renovated. Buy now & you can owner-occupy or set the market rent & choose your own tenant. Suitable for savvy Investors. Perfect affordable living option for buyers who wish to get into property ownership & appreciate the income from 2 units to help financing. Located close to 401 for commuters, VIA Station, Buses Schools, Shopping & Downtown & the Beach & Marina all 2KM or less. 6 Parking spots. Convenient circular driveway. Rents: Unit 2-$1657.09 (M2M), Unit 3-$1650 Unit 1 Vacant Rents for $1600 Occupy or set your rent! Ins $1899/yr approx. Taxes $4409.04/yr Snow plow Maintenance $2000/yr Hydro & Water is separately metred. 5.9% CAP!

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