32 Wallace TER, Sault Ste. Marie, Ontario P6C 1K1
$209,900.00
- 1,100 Square Feet
Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.47% cap rate, with additional income potential through the creation of a third unit. Legally zoned for a triplex, the property currently features one two-bedroom unit and one one-bedroom unit, while the upper level is ready to be renovated into an additional unit. Most of the materials required to complete the renovation are included with the sale. Tenants pay their own PUC utilities, helping to keep operating costs low. Additional highlights include a durable metal roof and a garage offering valuable storage space. A fantastic opportunity for ... read more
Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.47% cap rate, with additional income potential through the creation of a third unit. Legally zoned for a triplex, the property currently features one two-bedroom unit and one one-bedroom unit, while the upper level is ready to be renovated into an additional unit. Most of the materials required to complete the renovation are included with the sale. Tenants pay their own PUC utilities, helping to keep operating costs low. Additional highlights include a durable metal roof and a garage offering valuable storage space. A fantastic opportunity for investors looking for immediate rental income with room to grow! (id:25417)
- Listing ID: SM262650
- Property Type: Multi-family
- Year Built: 1930
| Property | |
|---|---|
| Lot Size: | Under 1/2 Acre Fenced Yard |
| Parking: | Concrete |
| Building | |
|---|---|
| Type: | Multi-family Multi-Family |
| HVAC: | Fireplace and Forced Air |
| Exterior: | Aluminum Siding |
| Basement: | Full |
| Utilities: | Cable, Electricity, Natural Gas, Telephone and Municipal Sewage System |
| Location | |
|---|---|
| City: | Sault Ste. Marie |
| Province: | Ontario |
| Community Features: | Bus Route |
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