196 Second Avenue North Bay, Ontario
PROPERTY INFO
Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached. (id:4555)
PROPERTY SPECS
Price $989,900
City North Bay, Ontario
Bed / Bath 8 / 4 Full
Address 196 Second Avenue
Listing ID X13701478
Style Fourplex
Parking 4.00
Type Multi-Family
Status For Sale
EXTENDED FEATURES
Features
Lighting Ownership
Freehold Basement
Apartment in basement, Separate entrance, N/A Heating / Cooling
Radiant heat, Natural gas Sewer
Sanitary sewer Parking
4.00
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