483 1st Avenue East Active Save Request In-Person Tour Request Virtual Tour
North Bay,ON P1B 1K4
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,902 sqft
Price per Sqft $223
MLS Listing ID 40639362
Bedrooms 9
Abv Grd Liv Area 2,608
Originating Board Oakville
Year Built 1920
Annual Tax Amount $3,478
Property Description
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).
Location
Province ON
County Nipissing
Area North Bay
Zoning Multiplex
Direction Right on Regina off of Main St E and left on 1st Ave.
Rooms
Basement Full,Finished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Natural Gas
Cooling Wall Unit(s)
Fireplace No
Laundry None
Exterior
Roof Type Metal
Lot Frontage 34.68
Lot Depth 127.7
Garage No
Building
Lot Description Rectangular,City Lot,Public Transit,School Bus Route
Faces Right on Regina off of Main St E and left on 1st Ave.
Story 2.5
Foundation Block
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 491540032
Ownership Freehold/None