Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.39% cap rate, with additional income potential through the creation of a third unit. Legally zoned for a triplex, the property currently features one two-bedroom unit and one one-bedroom unit, ...while the upper level is ready to be renovated into an additional unit. Most of the materials required to complete the renovation are included with the sale. Tenants pay their own PUC utilities, helping to keep operating costs low. Additional highlights include a durable metal roof and a garage offering valuable storage space. A fantastic opportunity for investors looking for immediate rental income with room to grow!
Full Property Details
Interior
Washrooms
0
Basement
Full
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Other
Washrooms
0
Basement
Full
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Other
Exterior
Depth
126.0
Front
42.0
Acreage
< .50
Driveway
Other
Lot Size
42 x 126.0 ft
Pool
None
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
0
Zoning
R3
Depth
126.0
Front
42.0
Acreage
< .50
Driveway
Other
Lot Size
42 x 126.0 ft
Pool
None
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
0
Zoning
R3
Building Description
Home Type
Apartment
Subtype
Multiplex
Property Orientation
North
Exterior Finish
Aluminum Siding
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Home Type
Apartment
Subtype
Multiplex
Property Orientation
North
Exterior Finish
Aluminum Siding
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Community
Community
Ward 4
Community
Ward 4
Taxes & Fees
Taxes
$2,552.11 /yr
Tax Year
2026
Taxes
$2,552.11 /yr
Tax Year
2026
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