26 SPRING STREET, West Nipissing (Sturgeon Falls)
8 BEDS · 4 BATHS · 3000 - 3500 sqft
$657,900
Well-Maintained Legal 4-Plex with nice updates! This property features four spacious 2-bedroom units, each separately metered for hydro. Every unit offers the convenience of in-suite laundry and comes with dedicated parking spaces. With reliable tenants in place and low-maintenance utilities, this is an excellent opportunity to expand your investment portfolio with a solid, income-generating property. Gross income $78,623, Net Income before mortgage ( expenses: tax, gas, hydro, vacancy, maintenance, management, water, insurance) is $54,708 leaving a solid 8.05% Cap rate. Unit 1 is currently vacant and on the market to rent.
General Info
| MLS Listing ID: X14081352 | Bedrooms: 8 | Bathrooms: 4 | Year Built: 0 |
| Listing Type: Multi-family | Half Baths: N/A | Fireplace Fuel: N/A | Maintenance Fee: N/A |
| Foundation: Concrete | Roof: N/A | Title To Land: N/A | Parking Space Total: 8 |
| Parking: No Garage | Heating: Forced air | Size: 3000 - 3500 sqft | Air Conditioning : None |
| Home Style: N/A | Finished Floor Area: N/A | Fireplaces: Smoke Detectors | Basement: None |
| Water Supply: Municipal water | Road Type: N/A | Pool Type: N/A |
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