230-232 Fifth Avenue W North Bay, Ontario P1B 3N6
$549,900
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:50886)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X11990948 |
| Property Type | Multi-family |
| Community Name | Central |
| Features | Irregular Lot Size |
| Parking Space Total | 2 |
Building
| Appliances | Dryer, Stove, Two Washers, Refrigerator |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 0.1 Acres |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 117 Ft |
| Size Frontage | 40 Ft ,3 In |
| Size Irregular | 40.25 X 117 Ft |
| Size Total Text | 40.25 X 117 Ft |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/27958438/230-232-fifth-avenue-w-north-bay-central-central
Contact Us
Contact us for more information
Jarrod Pandolfo
Salesperson
117 Chippewa Street West
North Bay, Ontario P1B 6G3
(705) 472-2980
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 19 2025 08:27:22
North Bay and Area REALTORS® Association
Royal LePage Northern Life Realty, Brokerage