230-232 FIFTH AVENUE W, North Bay, Ontario
$549,900
- 6 Beds
- 4 Baths
Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost $43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio. (id:56241)
- Listing ID: X11990952
- Property Type: Multi-family
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Listing provided by Royal LePage Northern Life Realty, Brokerage
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 230-232 FIFTH AVENUE W in North Bay Ontario. It was last modified on February 27th, 2025. Contact us to schedule a viewing or to discover other North Bay homes for sale.