Property Tour and Contact Detail Information:
Property tours are available Friday, November 17th from 10AM-1PM, and on Monday, November 27th from 10AM-1PM by appointment only. Please contact Pete Mitchell to RSVP.
Investment Highlights:
Excellent investment with lots of upside opportunity
Very low to no vacancies
Current rents are below market
Investment Overview:
Great 5-Plex investment property in a high demand area of Ontario. 622-630 North Vine Avenue is an excellent investment with lots of upside opportunity. This 3,762 square foot 5plex is just a few blocks walking distance to the shops, dining, groceries, and entertainment on busy Euclid Avenue. The property is neighbor to a corner-located 7-Eleven convenient store and sits on a 5,184 square foot lot.
The unit mix consists of Three 1 bedroom / 1 bath; and Two 2 bedroom / 1 bath units. In addition, each unit has a private garage with additional onsite parking. There is a coin operated laundry room with one washer and dryer, with room to add.
Easy tenant transition. Four of the five units are on month to month leases. The fifth lease expires in June 2018. This is a high demand area; very low to no vacancies. Curre
Current rents are below market. With minimum renovations, this property can command top rents for Ontario.
Unit #630 recently renovated for approximately $4,800. Other units can be done for approximately the same cost.
Drive by only. Please do not disturb the tenants.
