ON
North Bay (Central)
P1B1L3
147 Second E Avenue
147 Second E Avenue, North Bay (Central), ON P1B1L3
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Listing Type
Multi Family
Listing Status
active
24
$329,000

Home Details for 147 Second E Avenue

Price
$329,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
33
Parking
Days on site
218
Listing #
27925891
Property Description

If you've been searching for the perfect opportunity to enter the investment market, this property could be your ideal match. Priced competitively, this legal, non-conforming all-brick triplex offers a gross income of $41,086 and an impressive 8% cap rate. The property is centrally located offering easy access to shopping, schools, and a full range of amenities. Its prime location along a public transit route makes it an excellent choice for tenants without vehicles. The main floor features a recently renovated, vacant 3-bedroom unit, ready for new tenants or an owner looking to live on-site while benefiting from rental income. The second-floor 2-bedroom unit and third-floor bachelor unit are both occupied by reliable long-term tenants. For added peace of mind, each unit is separately metered and includes a garage 2 parking spaces. The partially finished basement offers added storage for tenants, or the owners belongings. Overall this property offers everything you need to start your rental property portfolio. Coin Operated Laundry generates approx. $1000. Rents are: Bachelor:$717(inclusive of Hydro), 2 Bed: $841+Hydro, 3 Bed (projected): $1,850+Hydro. (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
Listing Courtesy: REALTY EXECUTIVES Local Group Inc. Brokerage
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EXIT OTTAWA VALLEY REALTY, BROKERAGE
1219 Pembroke Street East, Pembroke, ON K8A 7R8
Office
613-629-3948
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