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

Sale $539,900 |

Listing # X12192175

Brittany Stillar

Broker

Phone: 705.724.1780
Fax: 705.724.1781
Mobile: 705.493.5176

bstillar@royallepage.ca

http://agents.royallepage.ca/brittany/

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

Brokerage

117 CHIPPEWA STREET
North Bay, ON P1B6G3

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)

Investment

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

Property Features:

Features:	Irregular lot size
Property Type:	Multi-family

Building Features:

Appliances:	Dryer , Stove , [] , Refrigerator
Building Type:	Multi-Family
Heating Fuel:	Natural gas
Heating Type:	Other

Brittany Stillar

Broker

Phone: 705.724.1780
Fax: 705.724.1781
Mobile: 705.493.5176

bstillar@royallepage.ca

http://agents.royallepage.ca/brittany/

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

Brokerage

117 CHIPPEWA STREET
North Bay, ON P1B6G3

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