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390-394 Hyde St, Prescott, ON

Name: 390-394 Hyde St, For Sale in Prescott - eXp Realty
Brand: REMAX BOARDWALK REALTY
SKU: X13770498
Price: 475000 CAD

House

For Sale

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534

MLS® X13770498

Property Details
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Description

Two units. Zero tenants. One seriously interesting opportunity. Welcome to 390-394 Hyde Street, a VACANT, well-maintained duplex that gives its next owner something investors love: options. Choose your own tenants, set your own rents, live in one and let the other help pay the bills, or add both doors to your investment portfolio. 390 offers 2 bedrooms PLUS an office/den, 2 bathrooms, a formal dining room, living room, kitchen and two porches. 394 brings another 3 bedrooms, 1 bathroom, dining room, living room and kitchen. That's five bedrooms, three bathrooms and plenty of space between the two units. Sitting proudly on a corner lot, there's another surprise out back: a detached DOUBLE-CAR GARAGE with a loft. Storage, toys, workshop space... you decide. Now, let's talk numbers. At projected rents of $1, 500/month per unit, you're looking at $36, 000 in potential gross annual rent. Using a 5% vacancy allowance, 5% maintenance/repair allowance, 2026 taxes of $2, 993.18 and insurance of $2, 752.67, estimated NOI is approximately $26, 654 - translating to a projected 5.61% cap rate at the $475, 000 asking price. Plus, each unit has separate hydro and gas meters.Vacant duplex. Double garage. Five bedrooms between the units. 390-394 Hyde Street might just make your calculator - and your portfolio - very happy. Rental income, expenses, NOI and cap rate are projections only. Buyers to complete their own due diligence. (id:58753)Show Description

Key Facts

Type Single Family Residence

Levels Residential

Size -

Garage Yes

Taxes $2,993

Days Active 8

MLS® Number X13770498

Central VacNo

FireplaceNo

GarageYes

BasementUnfinished, N/A

DrivewayDetached Garage, Garage

HeatForced air, Natural gas

A/CCentral air conditioning

Additional Information

Siding Aluminum Siding

Sewage System Other

Price History

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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