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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Central
MLS Listing ID X12001469
Annual Tax Amount $11,376
Tax Year 2025
Property Sub-Type Investment
Property Description
Attention investors! Legal 7 unit apartment building consisting of 3-2 bedroom 3-1 bedroom and 1 bachelor apartment, all rented out with market rents and tenants pay their own heat and hydro. This well maintained property currently generates $109,080 in gross income translating to $83,863 in net operating income. Offered for sale at an impressive 8.6% rate of return. There is a mandatory Assumable Mortgage at 5.1% with a 45 year Amortization with approx $840,000 balance which helps give you lower monthly payments and increased monthly cash flow. This property is centrally located, has had many upgrades and improvements and is ready for new management. This is a property any savvy investor would love to own.
Location
Province ON
County Nipissing
Community Central
Area Nipissing
Zoning C4
Interior
Cooling No
Inclusions 7 FRIDGES, 7 STOVES
Exterior
Utilities Available Yes
Lot Frontage 155.91
Lot Depth 16.01
Others
Security Features No
Listed by Royal LePage Northern Life Realty, Brokerage