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$ 965,000
Est. payment | /mo
6,185 Sqft Lot
$ 965,000
Est. payment | /mo
6,185 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Central
MLS® Listing ID X12001469
Lot Size 6,185 Sqft
Acres 0.142
Source North Bay and Area REALTORS® Association
Property Description
Attention investors! Legal 7 unit apartment building consisting of 3-2 bedroom 3-1 bedroom and 1 bachelor apartment, all rented out with market rents and tenants pay their own heat and hydro. This well maintained property currently generates $109,080 in gross income translating to $83,863 in net operating income. Offered for sale at an impressive 8.6% rate of return. There is a mandatory Assumable Mortgage at 5.1% with a 45 year Amortization with approx $840,000 balance which helps give you lower monthly payments and increased monthly cash flow. This property is centrally located, has had many upgrades and improvements and is ready for new management. This is a property any savvy investor would love to own. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 7
Private Pool No
Listed by Royal LePage Northern Life Realty, Brokerage
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