What is it?
A property that has 2 or more doors which can be rented out individually. Options in this investment class include duplex, triplex and multiplex.
- Having more than one tenant gives you higher income
- Low risk given that if one unit is vacant, the others will offset the vacancy
- Active investment compared to other investment types
- Bigger reserve fund needed for repairs and maintenance
- Managing of more than one tenant
- Typical cost of entry: $130,000
148 Main Street, St.Catherines
The Real Estate Centre, is proud to have put under contract a fantastic opportunity for Joint Venture amongst our fellow investors.
We are looking to raise 50% of the purchase price, to close on this exiting property.
We have a 12 unit Multi Residential property, in the heart of Port Dalhousie, which is the most desirable neighborhood in St. Catharine’s.
- Six Two-Bedroom, Five One-Bedroom and One Bachelor Suite.
- On Site surface parking, in building common laundry facilities.
- Huge upside to increase rents, almost 20% below market on current rent roll.
- Due Diligence is active from February 5th to March 5th.
- Minimum contribution to participate is $50,000
- Eligibility- Cash ONLY
- Security- Direct Equity and Shares of Corporation on Title.