626 Elgin Ave

Property Description

excellent revenue property/duplex, two large self contained units, excellent tenants, fully leased, unit #1-main floorbasement, 2 bedroom unit rent $1200/month, unit#2-secondthird floor, 3 bedroom unit rent $1500/month, total income $32, 400 per annum, 2019 est exspenses gas $2160, hydro $2280, water $1800, insurance $1815, realty taxes $2423.45, total exspenses $10, 478.45.net operating income, NOI-$21, 921.55. EXCELLENT $21, 921.55 RETURN ON AN INVESTMENT OF $209, 900, TERRIFIC NEW ASSUMABLE 5 YEAR MORTGAGE OF APPROX $162, 777 @1.92 %, $812.82 .SO ONLY REQUIRES APPROX $45000 DOWN PAYMENT TO ASSUMABLE MORTGAGE, NOI $21, 921.55 RETURN ON INVESTMENT REPRESENTS A 48.7% ANNUAL RETURN ON $45, 000 DOWN PAYMENT INVESTMENT, GOOD LOCATION CLOSE TO HEALTH SCIENCE CENTER HOSPITAL