188 Church St, Sault Ste. Marie, Ontario P6A 3H5

Listed for:
$369,900
0 beds
0 baths
Listed 35 days ago
Multi-Family for rent: 188 Church St, Sault Ste. Marie, Ontario P6A 3H5

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About

188 Church St – Turnkey 5-Plex | 13.1% Cap Rate Excellent opportunity to add a cash-flowing 5-unit investment property to your portfolio. Featuring a strong unit mix of three 1-bedroom units and two 2-bedroom units, this property offers steady rental demand and stable tenancy appeal. Efficient natural gas boiler heat helps maintain predictable operating costs, while the newer detached double garage provides additional income potential through storage or parking rentals. Generating $62,580 gross annual income with a 13.1% cap rate, this is an attractive opportunity for investors seeking strong returns and long-term performance. (id:27476)

Property Highlights

MLS® Number
SM261200
Type
Multi-family
Community Name
Sault Ste. Marie
Land Size
under 1/2 acre

Building

Building Type
Multi-Family
Storeys
2.00
Square Footage
2750 sqft
Exterior Finish
Brick, Steel
Fireplace Present
No
Basement Type
Full
Basement Features
Building Heating Type
Radiant/Infra-red Heat, Boiler
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
Century 21 Choice Realty Inc.
MLS® number:
SM261200
Agent:
Ryan Dodd
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