ExpiredTriplex

219 - 221 Devonshire Avenue

Name: 219 - 221 Devonshire Avenue - Suspended 9 months ago
Brand: RE/MAX CROWN REALTY (1989) INC
Price: 269000 CAD
Availability: OutOfStock

Iroquois Falls - Iroquois Falls

219 - 221 Devonshire Avenue

Iroquois Falls - Iroquois Falls

Listed For $269,000

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Suspended 9 months ago

6 + 1 Bedrooms Bedrooms

3 Bathrooms Bathrooms

0 Garage Garage

Description

Outstanding Investment Opportunity: 2-Storey Triplex. Features three spacious units: a 4-bedroom, a 2-bedroom, and a 1-bedroom currently vacant, ideal for owner-occupier or new tenant at market rent. Two units are already tenanted, generating solid cash flow. Key Financials: Gross Income Multiplier (GIM): 7X, Net Operating Income (NOI): $25,980, Cap Rate: 9.66%, Gross Rent Multiplier (GRM): 7, Operating Expense Ratio (OER): 28.78%. A strong-performing asset perfect for investors seeking immediate income and long-term upside. Don't miss this rare opportunity.

Key facts for 219 - 221 Devonshire Avenue

Tax$2,600 / 2024

Property TypeTriplex, 2-Storey

Lot Size125 x 100 Feet

Size2500-3000 ft²

ParkingNone Spaces, Total 4 Spaces

Parking FeaturesAvailable

BasementUnfinished

Listing #T12234502

Days on Market--

Listing BrokerageRE/MAX CROWN REALTY (1989) INC

Data SourcePROPTX

Inquire with Realtris

(866) 511-7171

info@realtris.ca

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Home Price

Amortization

Interest Rate

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Cash Flow Analysis

Est. Mortgage Payment

$1,314/mo

Monthly Expenses & Income

Property Tax

Maint. / Fees

Est. Rental Income

$5.0% net yield

Net Monthly Cash Flow-$80

Inquire with Realtris

(866) 511-7171

info@realtris.ca

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