2060-2084 Cassells Street, North Bay, Ontario, P1B 4E2, Canada

Description

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