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860 Worthington St E, North Bay, ON

Name: 860 Worthington St E, For Sale in North Bay - Zoocasa
Brand: REALTY EXECUTIVES Local Group Inc. Brokerage
SKU: X14103222
Price: 950000 CAD

House

For Sale

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848

MLS® X14103222

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage Yes

Taxes $9,378

Days Active 0

Lot Size

Approx. Age

MLS® Number X14103222

Property Address: 860 Worthington St E, North Bay, ON, P1B1J4

Average square foot calculated using Size range provided by listing agent.

Description

Strong Cash Flow & Excellent Investment Potential! This solid fourplex is an outstanding opportunity for investors seeking attractive returns and value-add potential. Featuring four spacious, bright 2-bedroom units with efficient radiant in-floor heating on the main floor, gas forced air on the second floor, and in-suite laundry hookups, this property generates over $90, 000 in gross annual income. Three units currently rent for $1, 950/month, with tenants paying their own utilities(separate gas and hydro meters), keeping operating expenses to a minimum. The fourth unit is currently vacant and freshly updated, offering an excellent opportunity to set market rent and maximize income. With a compelling 7.71% cap rate, low operating costs, and additional rental income potential, this property is well suited for both seasoned investors and those looking to expand their portfolio. Cash flow statement available upon request. (id:58753)Show Description

MLS® NumberX14103222

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age

BasementNone

DrivewayNo Garage

Garage Spaces

HeatRadiant heat, Forced air, Natural gas

A/CWindow air conditioner, Air exchanger

Extras

Map

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