$425,000
Available - For Sale
Listing ID: X10403469
483 1ST AVENUE EAST , North Bay, P1B 1K4, Ontario
| This cash flowing 4plex provides a ton of upside to add to your investment portfolio. Though it is cash flowing as-is, the rents are under market and can be increased with tenant turnover and strategic renovations. Currently, the rents are all inclusive but there are separate meters which gives you the opportunity to lower your expenses as well. In the basement you'll find a 1 bedroom rented for $735.44, the main floor 3 bedroom is renting for 838.04 while the 2nd and 3rd floors are rented by the room totalling $2504.55 and the back bachelor is bringing in $703.92 for a current annual income of $57,383.40. ($4,781.95/mo). |
| Price | $425,000 |
| Taxes: | $3478.43 |
| Assessment: | $209000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 483 1ST AVENUE EAST , North Bay, P1B 1K4, Ontario |
| Postal Code: | P1B 1K4 |
| Province/State: | Ontario |
| Legal Description: | PT LT 392-393 PL 21 WIDDIFIELD AS IN NB1 |
| Lot Size: | 34.68 x 127.70 (Feet) |
| Directions/Cross Streets: | Right on Regina off of Main St E and left on 1st Ave. |
| Total Area: | 2608.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Insurance Expense: | $2342 |
| Heat Expenses: | $5200 |
| Hydro Expense: | $5788 |
| Operating Expenses: | $19183 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 5 |
| Central Air Conditioning: | Wall Unit |
| Sewers: | Sewers |
| Water: | Municipal |
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financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| Chase Realty Inc., Brokerage |
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|
Sherin M Justin, CPA CGA
Sales Representative
Dir:
647-231-8657
Bus:
905-239-9222
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Nipissing |
| Municipality: | North Bay |
| Lot Size: | 34.68 x 127.70(Feet) |
| Tax: | $3,478.43 |
| Baths: | 5 |
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