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Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $214
MLS Listing ID 40310823
Bedrooms 9
Annual Tax Amount $10,392
Lot Size 6,185 Sqft
Property Description
Legal seven unit rental in a perfect location for your tenants. Close to shopping, schools, major highway and everything beautiful North Bay has to offer. The property consists of 3- two bedroom, 3- one bedroom and 1- bachelor apartment.
Two of the apartments are currently receiving a freshen up and tenants can be put in at new market rents or you can pick your own. Alternatively you can live in one unit and have the rest pay for your lifestyle. Once completed, estimated rental income will be $87,837 with expenses of $19,697 giving you $68,140 of net operating income. Currently offered at a 9.1 cap rate. This will be something you can proudly have in your investment portfolio.
Location
Province ON
County Nipissing
Area North Bay
Zoning C4
Rooms
Kitchen 0
Interior
Heating Baseboard
Cooling None
Laundry None
Exterior
Exterior Feature Separate Hydro Meters
Garage Asphalt, Gravel
Pool None
Utilities Available Cable Connected, Cell Service, Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected
Waterfront No
Roof Type Asphalt Shing
Building
Lot Description Urban, Irregular Lot, Landscaped, Major Highway, Public Transit, School Bus Route, Schools, Shopping Nearby
Story 2
Foundation Concrete Block, Slab
Sewer Sewer (Municipal)
Water Municipal-Metered
Structure Type Vinyl Siding
New Construction No
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