If you want to maximize this Legal Duplex property a solid move would be I would furnish it, rent it to students for 8 months, and put it on Air B&B for the summer months. Considering students will pay about $850 x6 = $5100 ( monthly) plus utilities per room Air B&B should fetch an average or $500.00 ($250.00 per Unit) 20 nights rented = $10,000 Per month gross income. This property could quickly become one of your top producing properties in your portfolio. The main floor offers an open concept floor plan, nice kitchen with a peninsula, 2 beds and 3 rd room that could be a den, bedroom or dining room also the laundry is located in a closet just off the kitchen. The Basement offers a large living area, open concept kitchen and laundry ample storage and 3 good sized bedrooms. The property also has a large deck, detached garage and a huge lot that has potential for redevelopment or to legally add a 3 and 4 th unit. (id:33706)
MLS® Number | 40656353 |
Property Type | Multi-family |
Parking Space Total | 3 |
Bathroom Total | 2 |
Bedrooms Total | 6 |
Basement Development | Finished |
Basement Type | Full (finished) |
Constructed Date | 1958 |
Cooling Type | Central Air Conditioning |
Exterior Finish | Brick |
Heating Type | Forced Air |
Stories Total | 2 |
Size Interior | 2180 Sqft |
Type | Duplex |
Utility Water | Municipal Water |
Detached Garage |
Acreage | No |
Sewer | Municipal Sewage System |
Size Depth | 150 Ft |
Size Frontage | 60 Ft |
Size Total Text | Under 1/2 Acre |
Zoning Description | A1 |
https://www.realtor.ca/real-estate/27488531/311-portsmouth-avenue-kingston
Contact us for more information
Jason Eade
Broker
(613) 544-3325
https://remaxfinestrealty.com/