12-Plex – Net Annual Income 100K
Barrington Ave presents an excellent opportunity for owners and investors. A 12 unit building, situated in the City of Toronto, within close proximity to trendy eateries and boutiques along Danforth Ave, Queen East and The Beaches.
TTC access available at Main subway station located at the corner of Barrington Ave and Danforth Ave. DVP and Gardiner Expressway minutes away.
Composed of 11 two bedroom units and 1 bachelor apartment. Ample parking available on site along with laundry facilities within the building, both actively contributing to the gross annual rental income.
Current net annual income is just under $100,000.00 with considerable room for improvement. Purchase price based on 4% capitalization rate.
Benefit from the passive income a true investment property provides with the added potential of future renovation/conversion prospects. Don’t let this opportunity pass you by.
Click link below for 156 Barrington Ave Brochure