TURNKEY CASH FLOWING 13 UNIT RESIDENTIAL COMPLEX SITTING ON 1 ACRE CONSISTING OF NEWLY RENOVATED 3 BEDROOM STAND - ALONE HOUSE, AND A 12 UNIT CONVERTED MOTEL REZONED IN 2022 WITH 11 BACHELOR UNITS AND 1 X 1 BEDROOM UNIT. GROSS RENTS ARE $133,962 WITH EXPENSE CALCULATION INCLUDING PROPERTY MANAGEMENT, VACANCY & MAINTENANCE EQUALLING $48,402 GIVING A NET INCOME BEFORE MORTGAGE OF $82,218 THIS COMPLEX HAS ONLY 7 UNITS CLOSE TO OR AT MARKET RENT GIVING THE NEW OWNER ROOM TO LIFT THEIR INVESTMENT WHEN THE REMAINING 5 TENANTS MOVE OUT. MANY SUPPORTING DOCS ON INCLUDING NEW SHINGLES WITH ICE GUARD TO PEAK 2023, SITE PLAN CONTROL SHOWING ALL BUILDINGS PARKING ETC. , WATER TESTING & WELL REPORTS, ZONING CONFIRMATIONS, FIRE RETROFIT 2014 AND OF COURSE A DETAILED INCOME & EXPENSES REPORT. 3 BEDROOM HOUSE JUST RECEIVED OCCUPANCY PERMITS FROM THE CITY, PREVIOUS FIRE REMEDIATION AND RECENTLY RENOVATED. 20 ROOMS, 13 KITCHENS, 13 X 3 PC BATHROOMS. * * INTERBOARD LISTING: NORTH BAY REAL ESTATE BOARD * *
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Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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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
Parking Spaces
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Basement
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Accessible
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Maintenance Fees
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Garage
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Features
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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
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Schools
Choice and nearby schools may not serve this home. Please check the school district website to see all schools serving this home.
6.4km
Vincent Massey Public School
Public, JK-6 • Nearby
6.3km
Widdifield Secondary School
Public, 9-12 • Nearby
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