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.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Year renovated
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Sq. Ft.
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Year built
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Style
Single Family Residential
Region
Nipissing District
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Accessible
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Last updated by owner on Aug 10, 2023.
Property details
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Single Family Residential
Year Built: —
Year Renovated: —
Region: Nipissing District
Home facts updated by public records on Aug 9, 2023
Around this home
Schools
Choice and nearby schools may not serve this home. Please check the school district website to see all schools serving this home.
0.3km
École Séparée Saint-Vincent
Public, JK-6 • Nearby
0.6km
École Secondaire Cochrane
Public, 9-12 • Nearby
Provided by Local Logic
Lifestyle
Provided by Walk Score and Local Logic
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