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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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