196 Second Avenue, North Bay (Central), ON P1B 1L2
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Listing Type
Multi Family
Listing Status
Active
50
$989,900
Home Details for 196 Second Avenue
Price
$989,900
Type
Residential Income
Bedrooms
8
Total Bathrooms
4
Basement
Apartment
Listing #
X13701478
Property Description
Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached. (id:31684)
Property Features
Heating Information
Natural Gas
Radiant
Utilities
Cable Available
Sewer Available
Cooling Information
None
Water Features
Public
Parking
No Garage
Basement
Apartment
Listing Courtesy: HOMELIFE ELITE SERVICES REALTY INC.
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