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73 Kenyon St E

8 Unit Apartment Building $1,528,726 USD ($191,091 USD/Unit) 4.86% Cap Rate Alexandria, ON K0C 1A0

Investment Highlights

  • Modern 8-unit building
  • Building offers modern features, durability, and energy efficiency
  • Alexandria's advantageous location provides easy access to neighboring cities

Executive Summary

Welcome to 73 Kenyon Street East in Alexandria. Modern 8-unit building featuring spacious 2-bedroom units, approx. 1000 square feet per unit. Each boasting its own exterior entrance & the added convenience of a private balcony/terrace. Situated in the charming town of Alexandria, residents enjoy a convenient location and a strong sense of community. Alexandria's advantageous location provides easy access to neighboring cities. Each unit is equipped with a forced air gas furnace and electric hot water tank. Tenants pay for their own utility costs. Investors will appreciate the potential for rental income and value appreciation in Alexandria. With these buildings being recently constructed in 2018, they offer modern features, durability, and energy efficiency. As tenants move out over time, there is an opportunity to increase rents and maximize returns in this thriving real estate market. Don't miss out on the chance to be part of Alexandria's growth. 75 Kenyon also for sale.

Financial Summary (Actual - 2023)

Annual (USD) Annual Per SF (USD)
Gross Rental Income $82,903 $10.36
Other Income - -
Vacancy Loss - -
Effective Gross Income $82,903 $10.36
Taxes $2,497 $0.31
Operating Expenses $7,031 $0.88
Total Expenses $9,529 $1.19
Net Operating Income $73,375 $9.17

Financial Summary (Actual - 2023)

Gross Rental Income (USD)
Annual $82,903
Annual Per SF $10.36
Other Income (USD)
Annual -
Annual Per SF -
Vacancy Loss (USD)
Annual -
Annual Per SF -
Effective Gross Income (USD)
Annual $82,903
Annual Per SF $10.36
Taxes (USD)
Annual $2,497
Annual Per SF $0.31
Operating Expenses (USD)
Annual $7,031
Annual Per SF $0.88
Total Expenses (USD)
Annual $9,529
Annual Per SF $1.19
Net Operating Income (USD)
Annual $73,375
Annual Per SF $9.17

Property Facts

Price $1,528,726 USD
Price Per Unit $191,091 USD
Sale Type Investment
Cap Rate 4.86%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.39 AC
Building Size 8,000 SF
Average Occupancy 100%
No. Stories 2
Year Built 2018
Parking Ratio 1.13/1,000 SF

Unit Amenities

  • Balcony

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 8 - -
  • Listing ID: 29155157

  • Date on Market: 8/1/2023

  • Last Updated:

  • Address: 73 Kenyon St E, Alexandria, ON K0C 1A0

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