ATTENTION INVESTORS! Here is an exceptional opportunity for those seeking a lucrative investment with some long-term tenants & 4 units generating consistent rental income. This purpose-built fourplex, located in the heart of Trenton, is the ideal choice for savvy real estate investors. While duplexes and triplexes have their merits, a fourplex strikes the perfect balance, significantly reducing vacancy losses and maximizing income potential. This fully occupied property boasts responsible tenants who take excellent care of their homes, generating over $48,000 in gross rental income annually. Utilities such as hydro and water/sewer are metered separately, with the landlord covering gas expenses. The property offers an impressive cap rate of over 6.5%. The 4 units consist of 2 on the main level & 2 on the lower level, with each unit featuring 1 bedroom & 1 bathroom, as well as main entrances & secondary/emergency exits. Each unit also includes private patio areas, complemented by a large, shared fenced yard. UNIT 1: $650/month + hydro & water/sewer. Tenant has resided here for approx. 14 years & maintains the unit in excellent condition. UNIT 2: $1,350/month + hydro & water/sewer. Tenant has occupied this unit since July 2023, & it is also in great shape. UNIT 3: $650/month + hydro & water/sewer. This tenant has been here for 7 years, and the unit is well-maintained. UNIT 4: Recently renovated in 2022, featuring new vinyl flooring, an updated kitchen, & a new bathroom. Tenant pays $1,350/month + hydro & water/sewer & has been there since January 1, 2025. All tenants are on month-to-month leases, providing flexibility for the new owner. This income-producing property with excellent tenants is a fantastic addition to your real estate investment portfolio. An income statement is available upon request. Don't miss out on this opportunity to visit my website for more information about this listing!
Address
527 Front Street
List Price
$589,900
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
Bungalow
Area
Quinte West
Sub-Area
Trenton Ward
County
Hastings
Bedrooms
2 + 2
Bathrooms
4
Floor Area
2000 - 2500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
118.83
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
37.11
Approx. Age
31 - 50 Years
MLS® Number
X11958225
Listing Brokerage
ROYAL LEPAGE PROALLIANCE REALTY
Basement Area
Finished with Walk-Out, Separate Entrance
Postal Code
K8V 4R4
Parking
Private
Parking Places (Total)
4
Tax Amount
$3,454.97
Tax Year
2024
Exterior Features
Landscaped
Interior Features
Primary Bedroom - Main Floor, Water Heater
Property Features
Fenced Yard, Golf, Marina, Rec./Commun.Centre, School Bus Route
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Stucco (Plaster)
Direction Faces
East
Foundation Details
Block
Garage Type
None
Kitchens Total
4
Pool Features
None
Roof
Asphalt Shingle
Security Features
Carbon Monoxide Detectors, Smoke Detector
View Type
Clear
Sewer
Sewer