Tucked away on a private drive is a 3 apartment property consisting of an upper apartment having 2 bedrooms, one full bathroom kitchen and living room. On this level there is also a studio apartment with shower bath and kitchenette. These 2 units have a separate driveway and parking area which can accommodate 2 cars.
The lower level apartment has 2 bedrooms, having large closets kitchen, Living room and one full bathroom and separate parking area. Existing monthly rental income is $4,850.
Built in 1983 this property has good strong bones and while habitable may require some upgrades to suit your personal needs or it could just do with a little TLC for an investment property. The total living space is 1,811 square feet.
To find out more about mortgages through Morston Financial, contact us today at mortgages@morstonfinancial.com or visit our website at morstonfinancial.com
Monthly repayment is an estimate for guidance only. Calculation is based on an interest rate of 7.00%, 30% deposit over a 25 year period.