Property Description

Welcome to 409 Raines Park, a fully occupied cash-flowing investment opportunity! This well-maintained (5,600+ sqft) 4-unit apartment building features four identical spacious floor plans! Each unit offers an enclosed porch, 3 of the units have been recently updated with new flooring, kitchen cabinetry, renovated bathrooms, and fresh paint. The property is equipped with separate utilities for each unit, including four furnaces and four hot water tanks, helping reduce owner operating expenses while offering convenience for tenants. The full basement provides ample storage space and presents the opportunity to generate additional income with coin-operated laundry! The attic level has its own entrance and includes a bathroom which offers exciting potential to create additional living space subject to any required zoning/permit approvals, adding even more value to this income-producing property. Outside, you'll find a (low-maintenance) generously sized backyard that tenants can enjoy! The building's current rent roll produces 50K annually with the potential to increase through the recent updates! C of O good through October 2027! Don't miss this opportunity to add this immediate cash-flowing asset to your portfolio! Group Showings Only! Sunday July 19th, 1pm-3pm, Tuesday July 21st, 5p-6p and Thursday July 23rd, 5p-7p. Agents Please Register! Delayed Showings start July 19th. Delayed Negotiations Due July 24th at 12pm! Please allow 24 hours for response.

Property Features

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