You Won't Find A 10% Cap Rate In The City! Renovated, Detached Purpose Built 15 Unit Income Property Like No Other Situated In 1 Of Timiskaming Most Rentable Neighborhoods - Matachewan! Located Less Than 2Min From The Alomosa Gold Mine - This Property Has Been Fully Rented Out In The Last 10 Years - With A Waiting List Of Tenants. Fully Updated & Bright Units Consisting Of 11 Bachelor Apts, 2 - 1 Bedroom Apts, 1-2 Bedroom Apt. Bonus Unfinished High/Dry Basement -Potential For An Additional 6-8 Rental Units. Currently, The Gross Yearly Income Is $142,000.00 . The Yearly Expenses Are $26,482.00 (Landlord Pays Hydro Yr-$2510.00 / Water Yr-$2221.00 / Taxes: Yr$4151.00 / Ins:Yr-$3600.00 / Maint Yr $4000.00.) The Yearly Net Income Is $115,718.00. Unbelievable Net Return!
$1195000.0
162 Moyneur Ave