Modernized four-unit building features three 2-bedroom units & one 1-bedroom unit, each equipped with in-suite laundry and individually metered for hydro, ensuring streamlined operations and predictable expenses. Net annual income of $50,796 (after management, vacancy, & maintenance fees). Gross annual income of $72K, this turn-key asset offers solid returns. Double the rental income by adding four more units makes this a strategic investment! The property is zoned R3, includes a substantial side lot, offering the potential to build an additional 4-plex—positioned to get a permit and start building plans! Located on a desirable corner lot in Sturgeon Falls, close to essential amenities such as parks, restaurants, shopping, and the Upper Sturgeon River, it attracts professional tenants. . Potential vendor take-back (VTB) financing available, this property presents a compelling opportunity for investors and builders looking to capitalize on future growth.
Last updated on : Wednesday 7th of August 2024 11:06:37 AM
Street : 31 JOHN Street
City : Sturgeon Falls
Province : Ontario
Country : Canada
Postal Code : P2B1X9
Property ID : 40621842
Building Type : Fourplex
Property Type : Multi-family
Bedrooms : 7
Bathrooms : 4
Parking : 6