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$1,155,000
Available - For Sale
Listing ID: X12342684
Great 1st time apartment investor building. 2 storey frame asset former motel converted into rental apartments. Fully occupied with 10 suites renovated and affordable rental. 17 suites with about $200,000 spent. 7% cap rate on asking price and $67,000 per suite which is way below replacement costs. Baseboard electric heating. Large site with ample parking. Potential to sub meter hydro moving forward. Owner pays cable and internet and this could be reduced on turnover.
Price $1,155,000
Taxes: $18,285
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 859 Trunk Road , Sault Ste Marie, P6A 3T3, Algoma
Postal Code: P6A 3T3
Province/State: Algoma
Legal Description: Lot 33, Plan 654, S/T T420820
Directions/Cross Streets: Trunk and Boundry Road
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - 13 To 20 Units
Building Percentage: T
Total Area: .42
Total Area Code:  Acres
Business/Building Name: Trunk Apartments
Financial Statement: F
Maintenance: 0
Net Income Before Debt: $65000
Expenses Actual/Estimated: $Est
Sprinklers: No
Heat Type: Baseboard
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
COMMERCIAL FOCUS REALTY INC.

859 Trunk Road , Sault Ste Marie, P6A 3T3, Algoma


 
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At a Glance:
Type: Com - Investment
Area: Algoma
Municipality: Sault Ste Marie
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 254.69(Feet)
Approximate Age:
Tax: $18,285
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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