141 Youngfox Road Blind River, Ontario P0R 1B0
$500,000
Who else wants to be a millionaire? When was the last time you could take advantage of buying a property with creative financing! Better yet, are you already a cash millionaire! This one property with a realistic potential cap rate of 10% and possibly higher may be your ticket to a financial windfall and a wealthy retirement. You do the math: Twelve two bedroom approx. 875 square foot units at $1,350 each per month and the tenants pay utilities gives you $194,400 income per year. At a very low and realistic net income of $138,240 times a cap rate of 10% makes this property worth $1,382,400. With properties today selling at 5% cap rates, this one property all by itself could be worth $2,764,800. Doesn’t that make you a millionaire? For a more detailed information package contact Listing Agent. (id:50886)
Property Details
| MLS® Number | 24016207 |
| Property Type | Multi-family |
Building
| ConstructedDate | 1978 |
| CoolingType | None |
| ExteriorFinish | Brick, Stucco |
| FlooringType | Other |
| HeatingFuel | Electric |
| StoriesTotal | 2 |
| Type | Multi-family |
Parking
| Other | 12 |
Land
| Acreage | No |
| SizeIrregular | 165.98 Ft X 152.73 Ft X 169.11 Ft X 152.39 Ft |
| SizeTotalText | 165.98 Ft X 152.73 Ft X 169.11 Ft X 152.39 Ft |
| ZoningDescription | Res |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | Measurements not available | ||
| Second Level | Laundry Room | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Main Level | 2pc Bathroom | Measurements not available | ||
| Main Level | Dining Room | Measurements not available | ||
| Main Level | Kitchen | Measurements not available | ||
| Main Level | Living Room | Measurements not available |
https://www.realtor.ca/real-estate/27169906/141-youngfox-road-blind-river
Interested?
Contact us for more information
Vic Pattenaude
Broker
13053 County Rd 15
Essex, Ontario N8M 2X6
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July 19 2024 04:08:06
Windsor-Essex County Association of REALTORS®
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