Norfolk, ON N3Y 1W4,13 Kent ST
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Norfolk, ON N3Y 1W4,13 Kent ST
Norfolk, ON N3Y 1W4,13 Kent ST
Norfolk, ON N3Y 1W4,13 Kent ST
Norfolk, ON N3Y 1W4,13 Kent ST

$654,000

Est. payment /mo

$649,900

0.6%
Est.Price: ?

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13 Kent ST Norfolk, ON N3Y 1W4

5 Beds

7 Baths

SOLD DATE : 11/12/2024

Key Details

Sold Price $654,000

Property Type Multi-Family

Sub Type Multiplex

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 3500-5000

MLS Listing ID X9235335

Sold Date 11/12/24

Style 2-Storey

Bedrooms 5

Annual Tax Amount $5,127

Tax Year 2023

Property Description

Welcome To 11-13 Kent St, A Remarkable Downtown Building, With Combined Commercial & Residential Space, Currently Utilized As A Six Unit Residential, Plus One Vacant Commercial Unit, Generating Impressive Rental Income. This "Cash Cow" Property Offers An Attractive Cap Rate Of Over 9.0%! Currently Generating $71,400 Annually With One Vacant Residential Unit That Could Increase Your Income To $87,600 Per Year, Plus One Vacant Commercial Unit $$$ Perfect For Investors Seeking Substantial Rental Income Or Families Looking For Multi-Generational Living Arrangements, This Property Is Centrally Located, Offering Easy Access To Amenities and Shopping. Whether You're A Seasoned Or Novice Investor, This Multi-Unit Property Presents An Exceptional Opportunity.

Location

Province ON

County Norfolk

Zoning C

Rooms

Family Room No

Basement None

Kitchen 6

Interior

Interior Features Other

Cooling Other

Exterior

Garage None

Pool None

Roof Type Flat

Building

Foundation Concrete Block, Stone

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Listed by ROCK STAR REAL ESTATE INC.

Sherif Nathoo

+1(416) 274-1513

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