Victorian Triplex, 85 Victoria Ave., 0ld East Hill, Belleville

Legal Triplex, Old East Hill, Belleville. (2 units unoccupied). This triplex has two large townhouse style apartments in the front, and a large 1-bedroom apartment in the back. One of the townhouse style apartments has three bedrooms, the other, two bedrooms. The 3-bedroom and the 1-bedroom are empty now. Both townhouse style apartments have rear and front entrances. There are 10-foot ceilings in the main living areas of the front apartments. The 3-bedroom and the 1-bedroom apartments have private decks facing south. The 2-bedroom has a small deck off the driveway. The 1-bedroom has an addition (2003) which added a medium sized living room with a gas fireplace, a sleeve for a wall mount air conditioner, and a patio door to access the deck. The 2-bedroom is rented for 1350.00, utilities (gas, water, electricity) included.

Reason for selling - estate sale.

(Private sale. Contact Directly.)

Approximate square footage: 3000 sq. ft. interior measurement

Taxes: 5360.34 Estimated Utility Costs: Gas 369.00/month, equal billing. Water 171.00 per month, equal billing. Electricity 50-70 per unit, presently billed to the owner.

-New high efficiency boiler for heat and hot water installed November 2018 -Roof shingled (approx.) 2016 -There are three modern electrical panels and meter bases, one for each apartment. -The apartments have a generous amount of closets. -8x12 garden shed, vinyl-sided with metal eaves and asphalt shingles. -Gravel driveway with ample parking. -Large lot size 66x136 feet

Repairs recommended or required for compliance with house insurance companies may include the following…

- Some knob and tube wiring should be bypassed. - Galvanized pipe to the bathrooms should be bypassed. - Pipe wrap on basement heating pipes may need encapsulation or removal due to asbestos insulation (Untested).

Other general repairs needed…

-Interior and exterior painting -Some flashing and pointing work. -Attic needs insulation. -Adding laundry hookups -Refresh of bathrooms and kitchens. -Stove in the 3brm unit is not functional. -Lots of small projects.

Overall, this property is in reasonable shape, and it offers a good opportunity for an investor or owner/occupier who has the skills to do the repairs and basic maintenance required.

Call or Text Steven @ 613-922-5358 for more information. Email: StevenPower288@gmail.com

https://tinyurl.com/85victoria

Keywords: Prime location, spacious, income generating, multi-unit, investment property.