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North Bay, ON P1B 3N6,230-232 Fifth AVE W
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North Bay, ON P1B 3N6,230-232 Fifth AVE W
North Bay, ON P1B 3N6,230-232 Fifth AVE W
North Bay, ON P1B 3N6,230-232 Fifth AVE W
North Bay, ON P1B 3N6,230-232 Fifth AVE W
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The Nunno Group

The Nunno Group

+1(416) 690-2121
$ 549,900
Est. payment /mo
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Active

230-232 Fifth AVE W North Bay, ON P1B 3N6

6 Beds

4 Baths

UPDATED:

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

Lot Depth 117.0

Lot Front 40.26

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

Basement Partial Basement, Unfinished

Kitchen 4

Interior

Interior Features None

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

Lot Frontage 40.26

Lot Depth 117.0

Total Parking Spaces 2

Building

Foundation Concrete Block, Stone

Others

Senior Community No

Listed by Royal LePage Northern Life Realty, Brokerage
agent

The Nunno Group

Broker | License ID: 4555-00

+1(416) 690-2121

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