$965,000 $5,180 est/mo Sourced by Back At You
2060-2084 Cassells Street,North Bay (Central), ON P1B4E2
North Bay (Central), ON P1B4E2
Description
Attention investors! Legal 7 unit apartment building consisting of 3-2 bedroom 3-1 bedroom and 1 bachelor apartment, all rented out with market rents and tenants pay their own heat and hydro. This well maintained property currently generates $109,080 in gross income translating to $83,863 in net operating income. Offered for sale at an impressive 8.6% rate of return. There is a mandatory Assumable Mortgage at 5.1% with a 45 year Amortization with approx $840,000 balance which helps give you lower monthly payments and increased monthly cash flow. This property is centrally located, has had many upgrades and improvements and is ready for new management. This is a property any savvy investor would love to own. (id:13843)
Details
| MLS # | X12001469 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Status | Active |
| Days On Site | 136 |
| Listing Provided By | Royal LePage Northern Life Realty, Brokerage | JARROD PANDOLFO |
Features
| Zoning | C4 |
|---|---|
| Acreage | 0.14 |
Taxes
| Property | 11376 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| City | North Bay (Central) |
| Postal Code | P1B4E2 |
Listing Updated: July 8, 2025 at 8:49:46 AM PDT
