west st

8 Bedroom Real Estate at 642 West St has been sold for $X,XXX,XXX. Click here to view details, map, and photos.

642 West St, Sold in Prescott - eXp Realty

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Attention Investors! Brand-New 2024-Built 4-Plex in Prime Prescott Location. Discover a rare opportunity to own a brand-new, purpose-built 4-plex in the heart of Prescott! Completed in 2024, this low-maintenance investment property is fully tenanted with leases that began in 2024, ensuring immediate rental income and future growth. Ideally located downtown, 642 West St. Offers unparalleled convenience just minutes from schools, shopping, restaurants, Hwy 401, and the scenic St. Lawrence River. Prescott is a growing community with expanding job opportunities, making it an attractive rental market. Each of the four modern 2-bedroom, 1-bath units features an open-concept layout, durable vinyl flooring, stylish kitchens with stainless steel appliances (including dishwashers), and in-unit stackable washers & dryers. Recessed pot lights add a contemporary touch, while an efficient hot water boiler system provides comfortable heating. Current Rent Roll (All Tenants Pay Hydro, Water & Sewer, Heat Included): Upper Units: $2, 000/month each (Increasing to $2, 050/month in May & July 2025). Lower Units: $1, 800/month each (Increasing to $1, 845/month in June & July 2025). Total Current Annual Rental Income: $91, 200. Total Annual Rental Income After Rent Increases (2025): $93, 780. Estimated Annual Expenses (Property is yet to be assessed and has not been operated for a full year): Property Taxes: $4, 000 (Estimated). Insurance: $2, 638 (Actual). Heating: $2, 000 (Estimated Gas Hot Water Boiler System). Lawn Care & Snow Removal: $1, 300 (Actual). Current Net Operating Income (NOI): $81, 262. Projected NOI After Rent Increases (2025): $83, 842. With parking for 8 vehicles and a location in a steadily growing rental market, this turnkey investment is the perfect addition to your portfolio. Interior pictures are prior to occupancy. Don't miss out, contact us today for more details!

Flooring: Vinyl, Attention Investors! Looking for a unique, newly built 4-plex in a great location &amp; at an ideal price? Look no further than 642 West St. In the beautiful town of Prescott. Nestled in downtown Prescott, this property is close to schools, shopping, restaurants, Hwy 401, &amp; the picturesque St. Lawrence River. Prescott is a growing community, with job opportunities expanding across various sectors, including manufacturing, making it an attractive location for residents. These stacked-level apts make for excellent rentals with minimal maintenance (built in 2024!). Each unit consists of 2 bedrooms, 1 bath, an open-concept layout with durable vinyl flooring, kitchens with stainless appliances incl. Dishwashers, &amp; stackable white washers &amp; dryers. Additional features include pot lights, parking for 8 cars, &amp; an efficient hot water boiler heating system. The lower level tenant pays $1, 800 + hydro, water, &amp; sewer, while the upper level tenant pays $2, 000 + hydro, water, &amp; sewer. Heat is included.

642 West St, Prescott, ON

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