Timmins - TNE - Central
Timmins - TNE - Central
Sold For$375,000
Sold 2 months ago
This 5-plex is in very good condition and features a unit mix of two 2-bedroom units, two 1-bedroom units, and one bachelor unit. Current monthly rents for the occupied units are $1,500, $950, $717.50, and $691.88. The basement 2-bed unit is currently vacant and requires renovations. Once renovated, it has the potential market rent of $1,500/month. This property offers a projected 10.09% Cap Rate. This return factors in the basement's potential income and accounts for an 8% property management fee, 5% vacancy allowance, and 5% for maintenance/repairs, alongside all annual taxes, insurance, and utilities.This property is being sold "as-is". Come and have a look!
* Values are estimates only and not a guarantee of lending or affordability.
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