230-232 FIFTH AVENUE W Active Save Request In-Person Tour Request Virtual Tour
North Bay (central),ON P1B3N6
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Central
MLS Listing ID X12192175
Lot Size 4,356 Sqft
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Exterior
Parking Features No
View Y/N No