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$ 549,900
Est. payment /mo
Active
230-232 Fifth AVE W North Bay, ON P1B 3N6
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Central
MLS Listing ID X11990952
Style 2-Storey
Bedrooms 6
Building Age 100+
Annual Tax Amount $5,400
Tax Year 2024
Property Sub-Type Fourplex
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
State ON
County Nipissing
Community Central
Area Nipissing
Zoning R3
Rooms
Family Room Yes
Basement Partial Basement, Unfinished
Kitchen 4
Interior
Interior Features None
Cooling None
Inclusions 3 FRIDGES, 3 STOVES, 2 WASHER, 2 DRYER
Exterior
Exterior Feature Porch, Deck
Parking Features Private Double
Pool None
View City, Downtown
Roof Type Metal,Shingles
Lot Frontage 40.26
Lot Depth 117.0
Total Parking Spaces 2
Building
Foundation Concrete Block, Stone
Others
Senior Community No
Listed by Royal LePage Northern Life Realty, Brokerage