$3,199,000
6-18 Ariss Gate
Beds
—
Baths
—
Sqft
—
Year
2023
About this home
EXCEPTIONAL 7-UNIT Townhouse INVESTMENT FULLY TENANTED, ONLY 2 YEARS OLD TOWNHOUSE BUIDLING, WITH ASSIGNABLE MORTGAGE! All 7 units are identical in layout and finish, each leased at $2,300/month (water included), generating $193,200 in gross annual rental income. The property has maintained 100% occupancy. All tenants are on fixed-term leases, providing stable and predictable cash flow. Every unit features stone countertops in kitchens and bathrooms, durable laminate flooring, kitchen islands with breakfast bars, and ductless air conditioning. Modern design throughout with quality materials and finishes. Showings 24 hours notice required. Financial package available to qualified buyers upon request. (id:65958)
- Subtype
- Multi-family
- Lot size
- 0.73 acres
- MLS#
- 202607593
- Area
- HAMMONDS_PLAINS
Cash on cash
-11.34%
Cap rate
3.62%
GRM
16.7
Break-even rent
$22,364
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.