230-232 FIFTH AVENUE W

,
North Bay (Central),

Ontario
P1B3N6

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For Sale

$539,900

230-232 FIFTH AVENUE W , North Bay (Central), Ontario P1B3N6

Remarks

Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost $43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio. (id:27)

Property Summary

Neighbourhood: Central
Lot Frontage: 40.3 Feet
Lot Depth: 117.0 Feet
No. of Parking Spaces: 2
Zoning: R3

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Lifestyle

Neighbourhood Info

Brittany Stillar

Broker

Phone: 705.724.1780

Mobile: 705.493.5176

Fax: 705.724.1781

Royal LePage Northern Life Realty, Brokerage (Independently owned and operated)

117 CHIPPEWA STREET
North Bay, ON P1B6G3

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230-232 FIFTH AVENUE W ,
North Bay (Central), Ontario P1B3N6

$539,900