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$549,900
230-232 FIFTH AVENUE W
North Bay, Ontario, Ontario, P1B3N6
MLS® Number: X11990952
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.
Building information
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Utility Water
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Land information
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Courtesy of Royal LePage Northern Life Realty, Brokerage
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