14 Prince Arthur Street

Description

Turnkey investment opportunity in the heart of downtown Amherst. This renovated up-and-down duplex offers two spacious 2 bedroom units, making it an ideal addition to any rental portfolio or a smart option for an owner occupier looking to offset their mortgage with rental income. Both units have seen updates and are well laid out, offering generous room sizes and functional floor plans. Each unit is equipped with its own mini split heat pump for efficient heating and cooling, a major bonus for both tenants and long-term operating costs. Even better, both units are separately metered with tenants responsible for their own utilities, helping keep expenses low and cash flow predictable. The main floor unit is currently rented at $1,325/month, while the upper unit was 1,200/month but has been left vacant to give the next owner flexibility, whether that means selecting their own tenant or moving in themselves. Based on current rents, the property offers a gross annual income of $30,300. Located in downtown Amherst, this property is within walking distance to shops, restaurants, and everyday amenities, making it an attractive option for tenants and owners alike. Whether you are looking to expand your portfolio or step into your first income property, this renovated duplex offers strong numbers and low overhead. (id:56844)