357 Russell Street, Midland | Home for Sale | Team Hawke Realty

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FOR SALE

357 RUSSELL STREET INDEPENDENTLY OWNED & OPERATED

MIDLAND, ONTARIO

MLS# 40127029

www.teamhawke.com

ABOUT THE PROPERTY

FEATURES

This triplex has a fantastic location! Close to all the amenities, including Midlands beautifully updated downtown core.

Inside this turn-key investment property, you will find two, 1 bedroom one 1 bath apartments, as well a bachelor apartment. Unit 1 includes its own laundry facilities.

• 2 - One Bed, One Bath Apartments • 1 - Bachelor Apartment • 50.75’ x 152.80’ lot

Two of the apartment units house two long term tenants, while one tenant intends on leaving prior to closing.

JIM HAWKE

BROKER OF RECORD

$479,900

705-527-7877 jim@teamhawke.com 310 First Street, Unit 2 Midland, Ontario, L4R 3N9

TEAM HAWKE REALTY, BROKERAGE | WWWW.TEAMHAWKE.COM | 705-527-7877


FOR SALE

357 RUSSELL STREET INDEPENDENTLY OWNED & OPERATED

MIDLAND, ONTARIO

www.teamhawke.com

INCOME STATEMENT Rent:

Unit 1 - $1,400 / month One bedroom, One bathroom Unit 2 - $1,100 / month One bedroom, One bathroom

Bachelor, One bathroom

Unit 3 - $720 / month

Total Income: $3,2220 / month

$38,640 / year

Utilities, Maintenance, Extras: Taxes: $2,660.38 / 2020 Average Gas Cost - $1,406.08 / year Average Hydro Cost - $1,863.36 / year Average Water/Sewer Cost - $763.08 / year Average Insurance Cost - $2,392.32 / year

Operating Expense Total: $8,322.14/ year

Net Income: $30,317.86 / year

TEAM HAWKE REALTY, BROKERAGE | WWWW.TEAMHAWKE.COM | 705-527-7877

MLS# 40127029


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