230-232 Fifth Avenue

North Bay, Central

Description

Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost$43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio.

This fourplex home located at 230-232 Fifth Avenue, North Bay, ON P1B 3N6 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$540K. It has 6 beds, 4 bathrooms, and is 2500-3000 square feet. The property is N/A years old. 230-232 Fifth Avenue, North Bay, ON P1B 3N6 is in North Bay neighborhood Central.