230-232 Fifth AVE W Active Save Request In-Person Tour Request Virtual Tour
North Bay,ON P1B 3N6
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Central
MLS Listing ID X11990952
Style 2-Storey
Bedrooms 6
Building Age 100+
Annual Tax Amount $5,400
Tax Year 2024
Property Sub-Type Fourplex
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.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Zoning R3
Rooms
Family Room Yes
Kitchen 4
Interior
Cooling None
Inclusions 3 FRIDGES, 3 STOVES, 2 WASHER, 2 DRYER
Exterior
Exterior Feature Porch,Deck
Parking Features Private Double
Pool None
View City,Downtown
Roof Type Metal,Shingles
Building
Foundation Concrete Block,Stone