This fourplex property located at 1400 Argyle Street presents an exceptional investment opportunity with four townhouse units, set on a generous 100 x 125 corner lot. Each unit offers approximately 1,100 square feet of living space, with 3 bedrooms up, a full bathroom, all appliances including a dishwasher, & in-suite laundry. Three units are long-term tenants with fixed leases. Suite 1400 is being rented for May 1. The units offer a hybrid of some updates paired with some original features including banisters, wood flooring, doors & trim providing a feeling of character & charm. Upstairs, the bedrooms are a good sized (one bedroom does not have a closet), & the full bath is also a generous size. The basements feature below-grade concrete construction with brick above grade and provide a good clearance in the basement of approx. 6’. Structurally, the property appears to be in good shape & was purchased by the current owner in 2018. All basements are dry & offer brick partition walls between the suites (in the basement). The huge corner lot is 12,479 sq ft and showcases a 4 car garage (20x40) with in-floor heat & vinyl siding with lane access, vinyl fencing enclosing the backyard, individual decks for each unit, front verandas, & charming picket fence in the front. All appliances are included in the sale & tenants are in place till 2026 (one has been there over 10 years). Built in 1919, 1400 Argyle is a unique property that has undergone numerous updates, incl a new roof installed in 2016, water lines replaced to city connections in 2015, re-pointing of exterior brick in 2018, & minor updates here & there as needed. Alarm system in each unit. Location is close to schools, shopping, & more! Two water heaters are owned & two are rented. Two units have AC (1400 & 1412) & all furnaces are owned. This is a fabulous turn-key property & the opportunity to own & manage with the potential for a strong return on an investment (id:51532)
