North Bay, ON P1B3N6 230-232 FIFTH AVENUE W
$549,900
13 more
Presented By: Royal LePage Northern Life Realty, Brokerage
Beds • 6
Baths • 4
SQFT • 2,500
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
Basement DevelopmentUnfinished
Basement TypePartial (Unfinished)
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air
General for 230-232 FIFTH AVENUE W
AmenitiesPublic Transit, Schools
Building Age100+ years
Building AppliancesDryer, Stove, Two Washers, Refrigerator
Building TypeFourplex
Building.StoriesTotal2
Community FeaturesSchool Bus
CommunityNameCentral
FeaturesIrregular lot size
Foundation TypeBlock, Stone
Location DescriptionCassells St & Fifth Ave West
Parking Space Total2
Property TypeMulti-family
Zoning DescriptionR3
Exterior for 230-232 FIFTH AVENUE W
Exterior FinishBrick, Vinyl siding
Fence TypeFenced yard
Land Amenities Public Transit, Schools
SewerSanitary sewer
StructurePorch, Deck, Shed
ViewTypeCity view
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty