4319 HWY 11 N
North Bay, P1B 8G3
FOR SALE
$1,140,000
Expired
$0
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9
BEDROOMS13
BATHROOMS9
KITCHENS16
ROOMSX7406030
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-17 | 2024-12-19 | 366 | $1,140,000 | - | Expired |
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Property Description
Turnkey Cash Flowing 13 Unit Residential Complex Sitting On 1 Acre Consisting Of Newly Renovated 3 Bedroom Stand - Alone House, And A 12 Unit Converted Motel Rezoned In 2022 With 11 Bachelor Units And 1 X 1 Bedroom Unit. Gross Rents Are $133,962 With Expense Calculation Including Property Management, Vacancy & Maintenance Equalling $48,402 Giving A Net Income Before Mortgage Of $82,218 This Complex Has Only 7 Units Close To Or At Market Rent Giving The New Owner Room To Lift Their Investment When The Remaining 5 Tenants Move Out. Many Supporting Docs On Including New Shingles With Ice Guard To Peak 2023, Site Plan Control Showing All Buildings Parking Etc., Water Testing & Well Reports, Zoning Confirmations, Fire Retrofit 2014 And Of Course A Detailed Income & Expenses Report. 3 Bedroom House Just Received Occupancy Permits From The City, Previous Fire Remediation And Recently Renovated. 20 Rooms, 13 Kitchens, 13 X 3 Piece Bathrooms.
Extras
**Interboard Listing: North Bay Real Estate Board**
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