Great Investment Opportunity in Trenton. Two Well-Maintained 6-Plexes Offered Together on Trenton's West Side. Two 6-plex buildings consisting of 28 McColl Street (Roll #120403005013300, PIN 403780012, Property tax $7542, Lot 57.14x113.92x93.73x28.37x42.27 feet) and 188 Henry Street (Roll #120403005013600, PIN 403780011, Property tax $6781, Lot 56.46x112.92x64.53x60.18x11.16x42.27 Feet). These two well-kept 6-unit apartment buildings are being sold together, sitting on abutting lots. The portfolio consists of a total of 12 residential units, comprised of ten spacious two-bedroom units and two one-bedroom units. Combined living area totals approximately 11,347 square feet of living space, which includes the lower-level apartments in each building (utility rooms excluded). The seller's preference is to convey both properties together. Ideally located on a quiet street in a residential neighborhood and close to all city amenities. Separately metered units with many long-term tenants, most paying for their own electricity and water, while the owner pays for heat for the buildings via two efficient gas-fired hot water boilers, as well as hydro and water for common areas. All units are generously sized, with five units that have been renovated. Numerous capital improvements have been completed in recent years, including windows and roofing. These properties present excellent upside potential, with several of the long-term tenants currently paying rents significantly below current market value. Turn-key investment opportunity. Coin laundry in the basements of both buildings. Paved parking lot large enough to accommodate all tenants, with some exterior sheds and outbuildings available for both Owner and Tenant additional storage. Don't miss this excellent investment opportunity with a positive cap rate and significant income growth potential.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
11347 sq. ft. Square Feet
Total Area:
11,347 sq. ft.1,054 m2
Lot Depth:
113'11"34.7 m
Lot Frontage:
59'2"18 m
Bathrooms:
12.0
Water supply:
Municipal
Zoning:
R6
Heating type:
Gas Hot Water
Garage:
None
Parking Spaces:
12
Possession Details:
60/TBA
Lot Irregularities:
And 112.4x50 Ft
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$14,323 /
2025
Assessment:
$- /
-
Hastings
Quinte West
Trenton Ward
12 Fridges, 12 stoves, 2 Coin Washers, 2 Coin Dryers, All Heating Equipment, 14 Hot Water Tanks
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