280-282 SYDENHAM Street

Exceptional 7- Unit Investment Opportunity in the heart of Downtown Kingston, spanning both sides of the building. This is not your typical investment property. This place is Beautiful with high ceilings in most the units, balconies or patios off of 6 of the 7 units, and plenty of cosmetic updates making it very easy to rent. Lots of upside potential to increase rents as tenants turn over. All units separately metered. Including an approximate $10,000 in extra income potential that could be charged per year by renting the parking lot and 2 car garage out (built in 2010). Coin Laundry in the basement for tenants convenience as well as storage lockers for each unit. You don’t see properties this nice with such great rental potential come up too often. Projected to operate at around $85,000 NOI after rental increases in January with a potential upside fair market value of $110,000 NOI in relatively short order with tenant turnover and should you choose to optimize with parking/garage income. Email, text or call agent for more information. (id:50836)