Millidge Ave -- Spar Cove -- Belleview Welcome to 72 Belleview Avenue! This two-family home is situated in a great location on the bus route and within close proximity to many amenities. Featuring electric baseboard heating, stylish flooring, and modern kitchen cabinets, this property offers plenty of potential. The units are spacious with large windows that bring in plenty of bright natural light. The lower unit also features a generous deck with a nice view, perfect for relaxing outdoors. Additionally, the basement provides an opportunity for extra storage. Ideal for owner occupancy or multi-generational living, the top unit could rent for approximately $1,500 per month, while the bottom unit is currently rented at $1,000 per month (tenants pay heat & lights), bringing in a total potential rental income of $30,000 annually. Estimated annual expenses include: Taxes: $2,818 Insurance: $2,304 Water & Sewer: $2,856 Electricity: $3,080 Total Expenses: $7,978 This leaves an estimated net income of $22,022, making it a promising investment opportunity! (id:27476)
