New
Commercial · For sale3 days ago$3,495,000
Added 17 days ago
Property type
Multiplex
Style
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3-Storey
Size
5000 + sqft
Lot
123 × 125 Feet
Parking
13.0 spaces
Taxes
$28,800 /yr
MLS®
X14101536
Listed by
REALTY EXECUTIVES Local Group Inc. Brokerage
Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchens, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.27%, Gross rental income is $305,709.12 with expenses (including management, vacancy, and maintenance) estimated at $86,470, resulting in a solid net income before financing of $219,239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors. Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in.
14 Milford Crescent, North Bay, ONGet directions
Estimate your monthly payment
Estimated monthly payment
$15,525/mo
Principal + interest
$15,525
Total interest
$1,861,563
Estimate only. Excludes property taxes, heating and maintenance. Rates and terms subject to lender approval.
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