Multi Unit Residential Buildings for Sale in Canada
230-232 Fifth Avenue W North Bay, Ontario P1B 3N6
$549,900
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:61635)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X11990948 |
| Property Type | Multi-family |
| Community Name | Central |
| Features | Irregular Lot Size |
| Parking Space Total | 2 |
Building
| Appliances | Dryer, Stove, Two Washers, Refrigerator |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 117 Ft |
| Size Frontage | 40 Ft ,3 In |
| Size Irregular | 40.25 X 117 Ft |
| Size Total Text | 40.25 X 117 Ft |
| Zoning Description | R3 |
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April 24 2025 04:05:07
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