230-232 Fifth AVE W new Save Request In-Person Tour Request Virtual Tour
North Bay,ON P1B 3N6
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Central
MLS Listing ID X12192175
Annual Tax Amount $5,400
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Zoning R3
Interior
Cooling No
Inclusions 3 FRIDGES, 3 STOVES, 2 WASHER, 2 DRYER
Exterior
Utilities Available Yes
Lot Frontage 40.25
Lot Depth 117.0
Others
Security Features No