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$425,000
Status: For Sale
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).
| Property Type | :Residential |
|---|---|
| MLS Number | :X9284705 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :30 Aug, 2024 (74 Days ago) |
| Source | :TRREB |
| Area | :Nipissing |
|---|---|
| Postal Code | :
P1B 1K4
|
| Price | : $425,000 |
|---|---|
| Property Taxes | :$3478.43 |
| Tax Year | :2023 |
|---|
| Bedrooms | :9 + |
|---|---|
| No. of Rooms | :18 |
| Air Conditioning | :Wall Unit |
| Heating | :Radiant |
| Place of Worship | :No |
| Cross Street | :Regina St |
| Bathrooms | :5 |
|---|---|
| Fuel | :Gas |
| Elevator | :No |
| Approx Square Footage | :2000-2500 sqft |
| Br | :2.74 m x 4.26 m |
|---|---|
| Kitchen | :3.50 m x 3.96 m |
| Br | :2.44 m x 3.35 m |
| 3rd Br | :3.05 m x 2.29 m |
| Kitchen | :3.96 m x 3.35 m |
| Br | :3.66 m x 3.35 m |
| Family | :4.57 m x 4.26 m |
|---|---|
| Furnace | :2.40 m x 3.35 m |
| 2nd Br | :2.74 m x 4.27 m |
| Family | :4.57 m x 4.26 m |
| Bathroom | :3.05 m x 3.05 m |
| 2nd Br | :3.66 m x 3.35 m |
| Exterior Finish | :Brick |
|---|---|
| Parking Space | :4 |
| Basement | :Finished |
| Garage | :None |
|---|
30 Aug, 2024
TREB #X9284705
Listed
$425000.0
