North Bay - Central
North Bay - Central
Listed For $965,000
Get Pre-approvedSold Conditional
Attention investors! Legal 7 unit apartment building consisting of 3-2 bedroom 3-1 bedroom and 1 bachelor apartment, all rented out with market rents and tenants pay their own heat and hydro. This well maintained property currently generates $109,080 in gross income translating to $83,863 in net operating income. Offered for sale at an impressive 8.6% rate of return. There is a mandatory Assumable Mortgage at 5.1% with a 45 year Amortization with approx $840,000 balance which helps give you lower monthly payments and increased monthly cash flow. This property is centrally located, has had many upgrades and improvements and is ready for new management. This is a property any savvy investor would love to own.
* Values are estimates only and not a guarantee of lending or affordability.