New price and New Cap Rate @ 9.4% Fully Occupied well maintained Legal Non Conforming 7 Plex with 2018 Fire Retrofit and 2011 ESA completed, Gross Income $71,400, Expenses $19,629.34 Net Income $51,770.66. Income and Expenses based on actual numbers, potential to increase as tenants move out from under rented units. Property consists of 3 x Two bedroom units , 3 x 1 Bedroom units and 1 x Bachelor unit. On File at Listing Brokerage includes... Breakdown of Income and Expenses, Monthly Rents per Apartment, Fire and ESA Inspection Certificate, Zoning Confirmation from the City Of North Bay. Current owners may be willing to Property Manage, if needed, for the new Investor Owner. Shingles replaced 2018 and flat roof replaced within past 5 years
Realty Executives Local Group Inc., Brokerage
All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. Not intended to solicit properties currently listed for sale. 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 CREA and identify the quality of services provided by real estate professionals who are members of CREA. REALTOR® contact information provided to facilitate inquiries from consumers interested in Real Estate services. Please do not contact the website owner with unsolicited commercial offers.