128 POLLOCK AVENUE
For Sale - $875,000.00
ID#: 29802192
Investors, house hackers and families looking to get into a larger space with tons of flexibility, this home has the potential to generate approximately $74,000 in gross annual revenue at an estimated 6.5% cap rate, this is a rare opportunity to secure a high-performing multi-unit property with excellent long-term upside. Situated in a prime location close to restaurants, schools, parks, shopping , and everyday amenities, this is an ideal location for all. Offering two spacious 3-bedroom suites and one well-appointed 2-bedroom suite, this property delivers flexibility, functionality, and impressive income potential all under one roof. Whether you are an owner-occupier looking to have additional units help contribute toward your mortgage and monthly expenses,or an investor seeking a strong addition to your portfolio, this property checks all the boxes. The current upper unit tenants are paying $2,200/month and would like to stay, providing immediate stable income. The main floor and basement units will be vacant on closing, allowing buyers the flexibility to move in, choose their own tenants, or set rents at current market value.The basement suite previously generated $1,700/month,while the main floor unit offers strong rental potential in the $2,400 month range. Extensively updated and well maintained, the home offers peace of mind with a newer water softener, updated electrical panel, sewer lining for root protection, and numerous thoughtful upgrades throughout. The basement layout also offers the flexibility to be opened up and connected to the adjacent unit for additional family living space. Additional highlights include two laundry areas, a large recreation room and dedicated home office in the main unit, parking for up to 6 vehicles, and a highly desirable double car garage. A rare opportunity offering strong cash flow potential, updated condition, and flexible living arrangements. (id:42870)
Representative
Bess Assimacopoulos-Markou
Sales Representative
RE/MAX Twin City Realty Inc. Brokerage* - Waterloo
Cell: 519-588-1834
Tel: 519-885-0200
