X12001469 | 2060-2084 CASSELLS STREET

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2060-2084 CASSELLS STREET
North Bay (Central) Ontario , P1B4E2 , Canada

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Jarrod Pandolfo

Sales Representative

Phone: 705.472.2980

Cell: 705.303.4424

Email Me

Royal LePage Northern Life Realty

Brokerage:

117 CHIPPEWA STREET

North Bay, ON
P1B6G3

Phone: 705.472.2980

Fax: 705.472.5421

Company Website

$965,000.00

MLS® X12001469

Investment

Lot Frontage:	155.8 Feet
Lot Depth:	16.0 Feet
No. of Parking Spaces:	7
Zoning:	C4

Remarks:

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:27)

Property Features:

Features: Irregular lot size
Property Type: Multi-family

Building Features:

Appliances: Stove , Refrigerator
Building Type: Multi-Family
Heating Type: Baseboard heaters

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