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$ 329,000
Est. payment /mo
New
147 SECOND AVENUE E North Bay (central), ON P1B1L3
5 Beds
3 Baths
1,999 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,999 sqft
Price per Sqft $164
Subdivision Central
MLS® Listing ID X11977040
Bedrooms 5
Originating Board North Bay and Area REALTORS® Association
Property Description
If you've been searching for the perfect opportunity to enter the investment market, this property could be your ideal match. Priced competitively, this legal, non-conforming all-brick triplex offers a gross income of $41,086 and an impressive 8% cap rate. The property is centrally located offering easy access to shopping, schools, and a full range of amenities. Its prime location along a public transit route makes it an excellent choice for tenants without vehicles. The main floor features a recently renovated, vacant 3-bedroom unit, ready for new tenants or an owner looking to live on-site while benefiting from rental income. The second-floor 2-bedroom unit and third-floor bachelor unit are both occupied by reliable long-term tenants. For added peace of mind, each unit is separately metered and includes a garage 2 parking spaces. The partially finished basement offers added storage for tenants, or the owners belongings. Overall this property offers everything you need to start your rental property portfolio. Coin Operated Laundry generates approx. $1000. Rents are: Bachelor:$717(inclusive of Hydro), 2 Bed: $841+Hydro, 3 Bed: $1,850+Hydro. (id:24570)
Location
Province ON
Interior
Heating Forced air
Exterior
Parking Features Yes
Community Features School Bus, Community Centre
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
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