480-484 Weller St

Rare Row House Multiplex Located a short stroll to Little Lake and Del Crary Park in Downtown Peterborough. 12 Units in Total, all One Bedroom and One Bath. 6 Units on Main Floor and 6 Units on Upper Floor, Set up as three Fourplexs, each with its own lobby area. All Units have Two Entrances/Exits. Lots of Parking onsite to accommodate one car per unit. Great rental area, close to everything. Newer Shingles, updated gas heating on main floor units. Some units renovated with Kitchens and Bathrooms. Current rents are well below market. Financials available upon request. Possible VTB for qualified Buyer.

This is an outstanding opportunity to own this 12 unit apartment complex. Renovated only 11 years ago this building is completely up to date. All units are above average size and quality. 7 of the 12 units are multi-level with either 3rd floor loft bedroom/bathrooms or basement rec room, bedroom and bath. All units have 6 appliances including in suite laundry. Each unit has outdoor space with a balcony or patio and 14 parking spots. Separate water, sewer and hydro billed to each tenant and individual heat controls for each tenant. 12 gas hot water tanks (owned) and fire alarm systems are all up to date. This property provides a great income of $263,340.00 gross a year with room for increases. (Utilities 11,282, gas boiler and hot water) (Tax $32,053) (Maintenance $5,266) (Insurance $5,500) No vacancy over last 5 years. All inspections up to date. Call for discussion. Everything here is in excellent condition and ready to go.