26 SPRING STREET, West Nipissing, Ontario P2B 3G7
$657,900.00
- 8 bedrooms
- 4 bathrooms
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. (id:25417)
- Listing ID: X14081352
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 88 by 132 FT |
| Parking: | No Garage 8 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Fourplex |
| Appliances: | Dryer, Refrigerator, Stove, Washer and Water Heater |
| HVAC: | Fireplace and Forced Air Natural Gas |
| Exterior: | Vinyl Siding |
| Basement: | None |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| Municipality: | West Nipissing |
| Province: | Ontario |
| Nearby Amenities: | Golf Nearby, Hospital, Public Transit and Schools |
| Community Features: | Community Centre and School Bus |
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