483 1ST AVENUE EAST, North Bay, Ontario

$425,000

9 Beds
5 Baths
2,608 Square Feet

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:23309)

Listing ID: 40639362
Property Type: Multi-family
Year Built: 1920

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Details

Amenities Nearby: Public Transit
Community Features: School Bus
Equipment: Other, Water Heater
Ownership: Freehold
Parking Spaces: 3
Rental Equipment: Other, Water Heater
Transaction: For sale
Zoning Description: Multiplex

Building

BasementType: Full (Finished)
Basement Development: Finished
Constructed Date: 1920
Cooling: Wall unit
Exterior Finish: Brick
Fireplace Present: False
Bathrooms (Total): 5
Heating Fuel: Natural gas
Size Interior: 2608 sqft
Stories Total: 2.5
Type: Fourplex
Utility Water: Municipal water

Land

Amenities: Public Transit
Sewer: Municipal sewage system
Size Frontage: 35 ft

Listing provided by Chase Realty Inc., Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 483 1ST AVENUE EAST in North Bay Ontario. It was last modified on August 30th, 2024. Contact the Bonnie & Ken Rossiter Team to schedule a viewing or to discover other North Bay real estate for sale.

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