32 King Street E

Welcome to the heart of the vibrant and growing downtown Millbrook, where opportunity awaits with this remarkable Multi-Family Home for sale in Cavan Monaghan . Situated at 32 King Street E, Cavan Monaghan, this multiplex building is an ideal investment for those looking to tap into the lucrative rental and commercial market in the area. With its prime location and impressive features, this property is sure to attract discerning investors and savvy homeowners alike.

This Multi-Family Home for sale in Cavan Monaghan boasts an impressive eight bedrooms spread across four spacious residential units, providing ample accommodation for tenants. Each unit has been thoughtfully designed to maximise space and comfort, ensuring that every resident feels right at home. The property also includes seven bathrooms, which is a significant advantage for a building of this size, allowing for convenience and privacy for all occupants.

In addition to the residential units, this property features two thriving commercial units, making it a mixed-use building that caters to both residential and business needs. Located at 32 King Street E, Cavan Monaghan, this property is perfectly positioned to benefit from the foot traffic and activity that comes with a bustling downtown area. The current owner has invested nearly £300,000 in renovations and upgrades, enhancing the overall appeal and functionality of the building.

Each of the residential units is currently occupied, with tenants who have been carefully vetted and take pride in their living spaces. The majority of these units are rented at market rates, ensuring a steady income stream for the new owner. With tenants responsible for their own heating and hydro costs, the monthly expenses remain manageable, making this Multi-Family Home for sale in Cavan Monaghan a financially sound investment.

The exterior of the building is constructed from durable brick, giving it a classic and timeless appearance. While there is no swimming pool or fireplace on the premises, the property is equipped with central air conditioning, ensuring comfort during the warmer months. The absence of a central vacuum system and family room means that the focus remains on the core features of the building, which are its residential and commercial units.

Parking is never a concern with this property, as it offers a private lane driveway with space for up to four vehicles. Additionally, there is a detached garage, currently utilised for storage, which provides even more convenience for tenants and owners alike. The lot measures 37 x 97 feet, offering a manageable outdoor space that complements the building without overwhelming it.

Water is supplied by the municipal system, and the property is connected to the sewer, ensuring that all essential services are readily available. The basement is a crawl space, which is typical for properties of this nature, providing necessary access to plumbing and electrical systems without taking up valuable living space.

If you're looking for a promising investment opportunity in a thriving community, this Multi-Family Home for sale in Cavan Monaghan at 32 King Street E, Cavan Monaghan, is not to be missed. With its blend of residential and commercial units, substantial renovations, and prime location, this property is poised for continued success.

In summary, this is a unique chance to own a well-maintained multiplex in the heart of Millbrook. Whether you're an experienced investor or a first-time buyer, this Multi-Family Home for sale in Cavan Monaghan offers the potential for strong returns and a vibrant community lifestyle. Don’t let this opportunity pass you by—come and see for yourself what makes 32 King Street E, Cavan Monaghan, such an appealing prospect!

Millbrook, nestled within the picturesque surroundings of Cavan Monaghan, is a charming geographic entity that offers a serene blend of rural beauty and modern convenience. This tranquil area is characterised by its lush landscapes, dotted with quaint homes and well-maintained gardens, creating a welcoming atmosphere for potential residents. The community is well-connected to nearby towns, providing easy access to essential amenities while maintaining a peaceful, countryside vibe. With its friendly neighbours and a strong sense of local identity, Millbrook is an ideal place for those seeking a harmonious lifestyle amidst nature, yet close enough to enjoy the vibrant culture and services of the surrounding region.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 626 residents, with an average household size of 2.5. The community is characterized by a relatively mature demographic, with an average age of 48.6 years. Economically, the average household income stands at a robust $106,000, with only 6.4% of the population classified as low-income. The real estate market reflects this affluence, with an average property price of $540,000. Socially, nearly half of the population (48.62%) is single, while 38.71% of households include children, indicating a family-friendly environment. The area is home to a small percentage of immigrants (3.23%) and has a rental market comprising 28.95% of residents, with no condominiums present. Educational attainment is notably high, with 55.56% of the population holding a college or university degree. However, a significant portion of the community (39.51%) is not in the labor force, suggesting a mix of retirees and individuals engaged in other pursuits. Overall, this demographic profile indicates a stable, educated, and relatively affluent community, making it an attractive area for potential homebuyers and investors.