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$425,000
Available - For Sale
Listing ID: X10403469
This cash flowing 4plex provides a ton of upside to add to your investment portfolio. Though it is cash flowing as-is, the rents are under market and can be increased with tenant turnover and strategic renovations. Currently, the rents are all inclusive but there are separate meters which gives you the opportunity to lower your expenses as well. In the basement you'll find a 1 bedroom rented for $735.44, the main floor 3 bedroom is renting for 838.04 while the 2nd and 3rd floors are rented by the room totalling $2504.55 and the back bachelor is bringing in $703.92 for a current annual income of $57,383.40. ($4,781.95/mo).
Price $425,000
Taxes: $3,478.43
Assessment: $209000
Assessment Year: 2024
Occupancy by: Tenant
Address: 483 1ST AVENUE EAST , North Bay, P1B 1K4, Ontario
Postal Code: P1B 1K4
Province/State: Ontario
Legal Description: PT LT 392-393 PL 21 WIDDIFIELD AS IN NB1
Lot Size: 34.68 x 127.7 (Feet)
Directions/Cross Streets: Right on Regina off of Main St E and left on 1st Ave.
Zoning: Multiplex
Total Area: 2,608
Total Area Code:  Sq Ft
Area Influences: Public Transit  
Insurance Expense: $2342
 Heat Expenses: $5200
 Hydro Expense:  $5788
Operating Expenses: $19183
Expenses Actual/Estimated: $Act
Central Air Conditioning: Wall Unit
Sewers: Sewers
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Chase Realty Inc., Brokerage

483 1ST AVENUE EAST , North Bay, P1B 1K4, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Nipissing
Municipality: North Bay
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Lot Size: 34.68 x 127.70(Feet)
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Tax: $3,478.43
Maintenance Fee: $0
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Baths: 5
Garage: 0
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