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Key Details
Sold Price $520,000
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 5,775 sqft
Price per Sqft $90
MLS Listing ID 40382510
Bedrooms 6
Year Built 1940
Annual Tax Amount $6,054
Lot Size 5,619 Sqft
Property Description
Legal 6 unit building (5 residential units and 1 retail space) in a very convenient location for your tenants close to transit, shopping, schools, major highway and everything North Bay has to offer. The property consists of 1-two bedroom, 4-one bedroom and 1-retail space. All units are currently rented including the new retail tenant. Rental income is $66,024 with expenses of $13,931 giving you $52,092 of net operating income. This could be the perfect start or addition to your investment portfolio.
Location
Province ON
County Nipissing
Area North Bay
Zoning C2
Rooms
Other Rooms Workshop
Kitchen 0
Interior
Heating Electric, Natural Gas
Cooling None
Laundry None
Exterior
Garage Detached Garage, Exclusive, Gravel
Garage Spaces 1.0
Pool None
Utilities Available Electricity Connected, Garbage/Sanitary Collection, High Speed Internet Avail, Natural Gas Connected, Recycling Pickup
Waterfront No
Roof Type Asphalt Shing
Building
Lot Description Urban, Rectangular, Public Transit, School Bus Route, Shopping Nearby
Story 2
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal-Metered
Structure Type Vinyl Siding
New Construction No
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