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$1,195,000
Status: OFF MARKET
You Won't Find A 10% Cap Rate As Good As This! 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!
| Property Type | :Commercial |
|---|---|
| MLS Number | :X5949544 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :12 Aug, 2023 (846 Days ago) |
| Source | :TRREB |
| Area | :Timiskaming |
|---|---|
| Postal Code | : P0K 1M0 |
| Price | : $1,195,000 |
|---|---|
| Property Taxes | :$4151.00 |
| Tax Year | :2022 |
|---|
| Cross Street | :Moyneur Ave & Roche St |
|---|
| Fireplace/Stove | :No |
|---|
05 May, 2023
TREB #X5949544
Available
$1195000.0
