Remarks

Welcome to 41 Owaissa St., Century brick up and down duplex located in Northwest St. Thomas. Walking distance to many amenities including the new Sobey's, library, restaurants, pharmacies, 4 banks and the bus to Walmart Mall. The main floor 3 bedroom unit rents for $925 and the upper 2 bedroom for $625. Both pay all utilities. Each unit has their own gas furnace and separate hydro meters. The main floor tenants do the lawn maintenance and have use of the single car garage and shed. Two driveways for up to 7 vehicles. Front roof done (2018). Expenses: taxes $2452 and insurance $1500. Gross revenue is $18,600. Net revenue $14,650. Cap rate is 5.33%. Both tenants would love to stay! Updates since 2014: newer kitchens, some newer windows, upper unit new bathroom and flooring. (id:27)


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