REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 550,000
Est. payment | /mo
9 Beds
5 Baths
$ 550,000
Est. payment | /mo
9 Beds
5 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Subdivision Sch - Main Area
MLS® Listing ID T14091358
Bedrooms 9
Half Baths 1
Property Description
This exceptional turn-key investment LEGAL 5PLEX is generating a generous income the moment you close. Featuring a meticulously maintained with modern electrical, plumbing, and HVAC systems means low maintenance and long-term peace of mind. All Five Units are Tenanted by A++ tenants. Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. This Multiplex has Annual Gross Rental of Income of $80,640; NOI of $53,688 and a Cap Rate of 10%. The monthly Cash Flow is $2,153 and an ROI of 23.5% . Take part in the very rapid growth of Timmins brought about by opening of new mines. Current Rental Vacancy is 2%. Rare, renovated, and revenue-ready - don't miss this!!!!! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 2
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by RIGHT AT HOME REALTY
Nearby Locations