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.
In-PersonVirtual Tour
$ 950,000
Est. payment /mo
New
860 WORTHINGTON STREET E North Bay, ON P1B1J4
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500 - 5000
Subdivision Central
MLS® Listing ID X14103222
Bedrooms 8
Property Description
Strong Cash Flow & Excellent Investment Potential! This solid fourplex is an outstanding opportunity for investors seeking attractive returns and value-add potential. Featuring four spacious, bright 2-bedroom units with efficient radiant in-floor heating on the main floor, gas forced air on the second floor, and in-suite laundry hookups, this property generates over $90,000 in gross annual income. Three units currently rent for $1,950/month, with tenants paying their own utilities(separate gas and hydro meters), keeping operating expenses to a minimum. The fourth unit is currently vacant and freshly updated, offering an excellent opportunity to set market rent and maximize income. With a compelling 7.71% cap rate, low operating costs, and additional rental income potential, this property is well suited for both seasoned investors and those looking to expand their portfolio. Cash flow statement available upon request. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air, Radiant heat,
Cooling Window air conditioner, Air exchanger
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 8
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage