Legal duplex located within walking distance to downtown Midland. Excellent investment opportunity with positive cash flow and reliable tenants in place. The upper unit features 3 bedrooms, a full kitchen, living area, and in-suite laundry, currently leased until June 2026 at $1,950/month; vacant from July 1st.. The lower unit offers 2 bedrooms, a full kitchen, and living area with a long-term tenant on a month-to-month lease paying $1,488.76/month (tenant since October 2021). Separate hydro meters for each unit. 2024 utility costs: gas $1,171.80 and water $2,403. (id:4069)
Address
317 HUGEL AVENUE
List Price
$460,000
Property Type
Multi-family
Type of Dwelling
Duplex
Style of Home
Raised bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
Midland
Bedrooms
5
Bathrooms
2
Floor Area
700 - 1100 Sq. Ft.
Lot Size
50 x 150 FT Sq. Ft.
Lot Depth
150 ft
Frontage Length
50 ft
MLS® Number
S12890206
Listing Brokerage
RE/MAX By The Bay Brokerage
Basement Area
N/A
Postal Code
L4R1T5
Parking Places (Total)
3
Appliances
Dryer, Stove, Washer
Heat Source
Natural gas
Heat Type
Radiant heat
Cooling Features
Central air conditioning
Foundation Details
Block
Number Of Floors In Building
1
Water Source
Municipal water
Sewer
Sanitary sewer
