Faye Moxam - Realtor

61 - 63 Alexander Street - $1,045,000 (SOLD)

Prime East Hill Fourplex

This beautifully maintained Two-Storey Fourplex is nestled in Prime East Hill location on picturesque Alexander Street - minutes to all the best amenities in Belleville such as the vibrant downtown core, farmer’s market, transit, parks and the waterfront.

 This all brick Fourplex offers 2 spacious 2-bedroom units on the second floor and 2 generous 1-bedroom units on the main floor. All units have access to the backyard, private outdoor decks, 2 storage sheds and 2 separate driveways with parking for each unit including visitor’s parking. There is an onsite coin-operated laundry room on the main floor providing convenience for tenants and additional revenue stream. 2 units will be vacant upon possession and ready for new tenants (1-bed and 2-bed units on the same side of the building). 

The vacant main floor 1-bedroom unit has been fully renovated with new stainless steel appliances, modern bathroom fixtures and refinished original hardwood floors. Other 2 units have AAA tenants with superbly maintained units. Additional updates have been main throughout the building. Total Net Income $62,160, Total Operating Expenses $10,920. 

This excellent investment opportunity cannot be missed!