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231213

MLS® X14101536

Overview

Key Facts

Type 
Levels Residential Income
Size -
Garage Yes
Taxes $28,800
Days Active 2
Lot Size 
Approx. Age 
MLS® Number X14101536

Property Address: 14 Milford Cres, North Bay, ON, P1A1M3

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

Description

Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchens, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.27%, Gross rental income is $305, 709.12 with expenses (including management, vacancy, and maintenance) estimated at $86, 470, resulting in a solid net income before financing of $219, 239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors. Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in. (id:58753)Show Description
MLS® NumberX14101536
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementNone
DrivewayNo Garage
Garage Spaces
HeatNatural gas
A/CNone

Extras

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