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230-232 Fifth AVE W North Bay, ON P1B 3N6
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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
Listed by Royal LePage Northern Life Realty, Brokerage
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