What a great opportunity to jump into the rental market, or to add to your existing portfolio! Three buildings here, all side by side on Erncliffe Street in Amherst giving 8 units in total, PLUS two vacant lots for further development. Units consist of 5 one beds and 3 two beds. Great location, close to the downtown core for ease of getting around. Good numbers here, let's go take a look!
West Victoria Street turn onto Copp Avenue, follow Copp to Encliffe to the following three buildings #11(Blue),#9 (Green),#5 (Red) plus vacant lot next to #5, plus vacant lot behind #5.
Listing Sub-Area:
101-Amherst, Brookdale, Warren
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
24x36 + 28x38 + 38x42
Outside Dimenions:
24x36 + 28x38 + 38x42
Lot Size:
0.505 acre(s)0.2 hectare(s)
Prop Size:
0.5 to 0.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
8
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Block, Stone
New Constr.:
No
Basement:
Full, Undeveloped
Floor Finish:
Laminate
Roof:
Asphalt Shingle
Heating:
Baseboard, Furnace, Hot Water
Fuel:
Natural Gas
Garage Description:
None
Parking:
Yes
Parking Description:
Ample Parking for Units
Driveway:
Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
98/month
Sewer:
Municipal
Num Units:
8
Num 1 Bed Units:
5
Num 3 Bed Units:
3
# Of Dryers:
7
# Of Fridges:
8
# Of Stoves:
8
# Of Washers:
7
Rental Income:
Yes, 7205.50/monthly
Laundry Income:
0
Other Income:
0
Approx. Net Income:
4846.08/month $ 58152.96/year
Insurance Expense:
376.42/month
Taxes Costs:
520/month
Betterment Charges:
Deed Transfer Tax
Heating Bill:
63/month
Electricity Bill:
51.25/month
Approx. Total Expense:
2359.42/month
Approx. Total Income:
7205.50/monthly
Golf Course, Park, Playground, Recreation Center, Shopping
Data was last updated December 30, 2024 at 03:20 PM (UTC)
Area Statistics
Listings on market:
72
Avg list price:
$357,500
Min list price:
$70,000
Max list price:
$2,900,000
Avg days on market:
87
Min days on market:
11
Max days on market:
719
These statistics are generated based on the current listing's property type
and located in
Northern Region. Average values are
derived using median calculations.