North Bay, ON P1B3N6 230-232 FIFTH AVENUE W
$549,900
13 more
Presented By: Royal LePage Northern Life Realty, Brokerage
Home Details
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:7434)
Presented By: Royal LePage Northern Life Realty, Brokerage
Interior Features for 230-232 FIFTH AVENUE W
Other Interior Features
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeOther
General for 230-232 FIFTH AVENUE W
Building AppliancesDryer, Stove, Two Washers, Refrigerator
Building TypeMulti-Family
Business Sub TypeApartments
Business TypeResidential
CommunityNameCentral
FeaturesIrregular lot size
Location DescriptionCassells St & Fifth Ave West
Parking Space Total2
Property TypeMulti-family
Zoning DescriptionR3
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty