$425,000
483 1st AVE E North Bay, ON P1B 1K4
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$425,000
Est. payment /mo
9 Beds
5 Baths
UPDATED:
08/30/2024 04:14 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X9284705
Style 2 1/2 Storey
Bedrooms 9
Annual Tax Amount $3,478
Tax Year 2023
Property Description
This cash flowing 4plex provides a ton of upside to add to your investment portfolio. Though it is cash flowing as-is, the rents are under market and can be increased with tenant turnover and strategic renovations. Currently, the rents are all inclusive but there are separate meters which gives you the opportunity to lower your expenses as well. In the basement you'll find a 1 bedroom rented for $735.44, the main floor 3 bedroom is renting for 838.04 while the 2nd and 3rd floors are rented by the room totalling $2504.55 and the back bachelor is bringing in $703.92 for a current annual income of $57,383.40. ($4,781.95/mo).
Location
Province ON
County Nipissing
Rooms
Family Room Yes
Basement Finished
Kitchen 4
Interior
Interior Features Separate Hydro Meter
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Garage Front Yard Parking, Tandem
Garage Spaces 4.0
Pool None
Waterfront No
Roof Type Metal
Parking Type None
Total Parking Spaces 4
Building
Foundation Block
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Listed by CHASE REALTY INC.
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