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)
Property Details
| MLS® Number | X11990952 |
| Property Type | Multi-family |
| Community Name | Central |
| Amenities Near By | Public Transit, Schools |
| Community Features | School Bus |
| Equipment Type | None |
| Features | Irregular Lot Size |
| Parking Space Total | 2 |
| Rental Equipment Type | None |
| Structure | Porch, Deck, Shed |
| View Type | City View |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Age | 100+ Years |
| Appliances | Dryer, Stove, Two Washers, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Block, Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 117 Ft |
| Size Frontage | 40 Ft ,3 In |
| Size Irregular | 40.3 X 117 Ft |
| Size Total Text | 40.3 X 117 Ft |
| Zoning Description | R3 |
Utilities
| Cable | Installed |
| Wireless | Available |
| Natural Gas Available | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/27958439/230-232-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
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April 24 2025 04:28:04
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