Price Estimate: $500,245
12 Richard St
Quinte West
$499,900
Price Estimate: $500,245
Buy with Dwelly and Save $4,999
Home Details
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Listing Description
Solid investment opportunity with this brick & stucco side-by-side duplex. One unit fully occupied & the other unit recently empty & ready for the next owner to choose their own tenant & set their own rents. No need to assume tenancies with rents far too low, this multi-residential home can provide positive cash flow right away. Both units metered separately for: gas, hydro & water/sewer. Unit A is a 2 bed, 1 bath, 2sty unit with tenant paying $1600/mth ++. Tenant has been in place since Dec. 2023 & has a 1yr lease. Unit has a wrap-around front porch, fully fenced backyard & 1 parking spot. Heating is gas wall furnace & Electric baseboards. Unit B is vacant & ready for the open market. This bungalow layout has 2 bdrms, 1 bath, formal living rm & dining rms, eat-in kitchen & patio door to fenced backyard. It also has full, unfinished bsmt with laundry plus: hdwd flooring, ornate woodwork, crown moulding, gas furnace, C/Air & 1 parking spot. Great addition to your investment portfolio.
Projected rent for vacant unit is approx. $2000/mth++ for a total potential GROSS rent of $43,200 annually. Duplex includes: 2 fridges, 2 stoves, 2 sets of washers/dryers, 2 HWTs (all owned by Landlord). Minimal landlord expenses.
City: Quinte West
Property History
Rooms
Room dimensions for 12 Richard St, Quinte West
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 12 Richard St is 2700
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $499900 |
| Down Payment | $99980 |
| Mortgage Insurance | $0 |
| Total Mortgage | $399920 |
Monthly Payment
| Mortgage Payment | $2464 |
| Property Taxes | $235 |
| Maintenance Fees | $0 |
| Monthly Payment | $2700 |
About 12 Richard St, Quinte West
Located at 12 Richard St , this Quinte West house is available for sale. This property was listed for $499,900 on Wed Apr 24 2024. This house's size is 1500-2000 Sqft. It has 4 bedrooms and 2 bathrooms. The property includes the following rooms: Kitchen, Dining, Living, 2nd Br, Prim Bdrm, Prim Bdrm, Living, 2nd Br, Dining, Kitchen. This property comes with 2 parking spots.
MLS#: X8251202 · $499,900 · 4 bedroom house in Quinte West