25 FATHER COSTELLO DRIVE, Timmins, Ontario P0N 1G0
$550,000.00
- 9 bedrooms
- 5 bathrooms
This exceptional turn-key investment LEGAL 5PLEX is generating a generous income the moment you close. Featuring a meticulously maintained with modern electrical, plumbing, and HVAC systems means low maintenance and long-term peace of mind. All Five Units are Tenanted by A++ tenants. Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. This Multiplex has Annual Gross Rental of Income of $80,640; NOI of $53,688 and a Cap Rate of 10%. The monthly Cash Flow is $2,153 and an ROI of 23.5% . Take part in the very rapid growth of Timmins brought about by opening of new ... read more
This exceptional turn-key investment LEGAL 5PLEX is generating a generous income the moment you close. Featuring a meticulously maintained with modern electrical, plumbing, and HVAC systems means low maintenance and long-term peace of mind. All Five Units are Tenanted by A++ tenants. Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. This Multiplex has Annual Gross Rental of Income of $80,640; NOI of $53,688 and a Cap Rate of 10%. The monthly Cash Flow is $2,153 and an ROI of 23.5% . Take part in the very rapid growth of Timmins brought about by opening of new mines. Current Rental Vacancy is 2%. Rare, renovated, and revenue-ready - don't miss this!!!!! (id:25417)
- Listing ID: T14091358
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 41.5 by 79 FT |
| Parking: | No Garage 2 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Other |
| Appliances: | Dryer, Refrigerator, Stove, Washer and Water Meter |
| HVAC: | Fireplace and Radiant Heat Natural Gas |
| Exterior: | Brick and Steel |
| Basement: | N/A (Unfinished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | Timmins |
| Province: | Ontario |
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