TURN-KEY DUPLEX WITH 8.5% CAP RATE. SOLID CASH FLOW IN A STRONG RENTAL MARKET. Looking for a reliable, income-producing property? This legal duplex is the definition of a smart investment, generating over $41,000 in annual rental income with an unheard of 8.5% cap rate. At 20% down, you'll earn back your initial investment in just 23 months--all while tenants cover their own hydro. The solid brick two-storey home features a spacious 3-bedroom main floor unit and a bright 2-bedroom upper unit, making it a desirable rental in a market with consistent demand. Both units are separately metered with separate entrances and separate laundry. With strong tenant appeal and consistent demand, it's a set-it-and-forget-it kind of asset. Whether you're a seasoned investor or just getting started, this property offers immediate cash flow, long-term stability, and a low-maintenance path to building wealth in the heart of Owen Sound. Smart investment. Solid returns. Zero drama. (id:4069)
Address
1379 3RD AVENUE E
List Price
$375,000
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Owen Sound
Bedrooms
5
Bathrooms
2
Floor Area
1500 - 2000 Sq. Ft.
Lot Size
36 x 176 FT Sq. Ft.
MLS® Number
X12457182
Listing Brokerage
Keller Williams Realty Centres
Basement Area
N/A (Unfinished)
Postal Code
N4K2L8
Site Influences
Hospital, Schools, Public Transit, Park
Amenities
Separate Electricity Meters
