220 NELSON STREET

Key facts

• Property type: Multi-family
• Structure: Triplex
• Transaction: For Sale
• Price: $659,999
• Bedrooms: 5
• Bathrooms: 3
• Lot size: 43.6 x 95.1 FT
• Parking: 5
• Listing key: 29416673

Listing overview

Legal triplex in Brantford offered at $659,000 with a strong 6.7% cap rate. Excellent income profile with projected annual income of $57,654.72 and net income of $44,284.74. Ideal opportunity for investors seeking solid cash flow with quality tenants already in place. Garage income projected at $300 per month adds further upside potential. Extensive capital improvements have been completed. In 2021 Unit 1 underwent a full renovation including a modern kitchen with new flooring, cabinetry, stainless steel appliances, and quartz countertops. The bathroom was fully updated with new flooring, toilet, reglazed tub, tiled surround, and new plumbing fixtures. Six new windows were installed and electrical wiring was updated with a new panel. The laundry room was fully upgraded in 2021 with new wiring, plumbing for a laundry sink, new appliances, new doors, new window, and a newly enclosed baseme...