9 Bedroom
5 Bathroom
1,500 - 2,000 ft2
None
Radiant Heat
$550,000
This exceptional turn-key investment LEGAL 5PLEX is generating a generous income the moment you close. Featuring a meticulously maintained with modern electrical, plumbing, and HVAC systems means low maintenance and long-term peace of mind. All Five Units are Tenanted by A++ tenants. Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. This Multiplex has Annual Gross Rental of Income of $80,640; NOI of $53,688 and a Cap Rate of 10%. The monthly Cash Flow is $2,153 and an ROI of 23.5% . Take part in the very rapid growth of Timmins brought about by opening of new mines. Current Rental Vacancy is 2%. Rare, renovated, and revenue-ready - don't miss this!!!!! (id:50976)
Property Details
|
MLS® Number
|
T14091358 |
|
Property Type
|
Multi-family |
|
Community Name
|
SCH - Main Area |
|
Features
|
Irregular Lot Size |
|
Parking Space Total
|
2 |
Building
|
Bathroom Total
|
5 |
|
Bedrooms Above Ground
|
9 |
|
Bedrooms Total
|
9 |
|
Appliances
|
Water Meter, Dryer, Stove, Washer, Refrigerator |
|
Basement Development
|
Unfinished |
|
Basement Type
|
N/a (unfinished) |
|
Cooling Type
|
None |
|
Exterior Finish
|
Brick, Steel |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Radiant Heat |
|
Stories Total
|
2 |
|
Size Interior
|
1,500 - 2,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
79 Ft |
|
Size Frontage
|
41 Ft ,6 In |
|
Size Irregular
|
41.5 X 79 Ft |
|
Size Total Text
|
41.5 X 79 Ft |
|
Zoning Description
|
Ea-cg |
Utilities
|
Cable
|
Installed |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/30416045/25-father-costello-drive-timmins-sch-main-area-sch-main-area
