Property Description

Excellent investment opportunity at 9-11 Hart Street! This well-maintained triplex features a desirable unit mix of one one-bedroom, one two-bedroom, and one three-bedroom suite, offering an attractive 6.2% cap rate at the asking price. The property has benefited from extensive capital improvements, including a new roof with 50-year shingles (2020), significant interior renovations throughout all three units, updated kitchens, flooring, electrical improvements, masonry and exterior repairs, and plumbing upgrades. Additional improvements include central air conditioning at 11 Hart, exterior deck and stair upgrades, and ongoing mechanical maintenance. Each unit is separately metered for hydro, with the three-bedroom suite benefiting from dedicated basement laundry facilities. Offering a combination of strong in-place returns, substantial recent improvements, and a versatile unit mix, this property presents an attractive opportunity for investors seeking a stabilized multifamily asset with limited immediate capital requirements. (id:7434)