124 Ford Street Kingston, ON K7K 4Z6

Quality Investment Property with a ton of parking and a huge detached double car garage/workshop! This Triplex is separately metered so tenants can pay their own utilities. 2 of the 3 Units are currently rented with the owner leaving one of the 3-bedroom units vacant at the end of June to allow a new landlord to choose their own tenants and set their own rents. Property consists of 2- 3 Bedroom Units and 1-2 Bedroom Unit. The property is rented as follows: 1-3 Bedroom for $1200 month to month. 1-2 Bedroom unit rented for $850 month to month. 1-3 Bedroom Unit tenant set to move out at the end of June, New owner can set own rent. Bonus Coin operated laundry in the basement for additional income and a massive parking area behind the property that could also be used to bring in more income if you charged for parking or to use to the garage. This is an excellent investment opportunity with plenty of upside with future rent increases. With market rents would be over 7% Cap Rate. Call, text or email for more information.