483 1st Avenue East North Bay, Ontario P1B 1K4
$425,000
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). (id:57069)
Property Details
| MLS® Number | 40639362 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit |
| CommunityFeatures | School Bus |
| EquipmentType | Other, Water Heater |
| ParkingSpaceTotal | 3 |
| RentalEquipmentType | Other, Water Heater |
Building
| BathroomTotal | 5 |
| BedroomsTotal | 9 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1920 |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| StoriesTotal | 3 |
| SizeInterior | 2608 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 128 Ft |
| SizeFrontage | 35 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Multiplex |
https://www.realtor.ca/real-estate/27347831/483-1st-avenue-east-north-bay
311 Wilson St East - Suite100e
Ancaster, Ontario L9G 2B8
(905) 336-9001
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August 30 2024 04:11:22
Oakville, Milton & District Real Estate Board
Chase Realty Inc., Brokerage