25 Father Costello Drive, Timmins, Ontario P0N 1G0

Listed for:
$550,000
9 beds
5 baths
Listed 27 days ago
Other for rent: 25 Father Costello Drive, Timmins, Ontario P0N 1G0

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About

McIntyre and Father Costello This exceptional turn-key investment LEGAL 5PLEX is generating a generous income the moment you close. Featuring a meticulously maintained with modern electrical, plumbing, and HVAC systems means low maintenance and long-term peace of mind. All Five Units are Tenanted by A++ tenants. Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. This Multiplex has Annual Gross Rental of Income of $80,640; NOI of $53,688 and a Cap Rate of 10%. The monthly Cash Flow is $2,153 and an ROI of 23.5% . Take part in the very rapid growth of Timmins brought about by opening of new mines. Current Rental Vacancy is 2%. Rare, renovated, and revenue-ready - don't miss this!!!!! (id:27476)

Property Highlights

MLS® Number
T14091358
Type
Multi-family
Community Name
SCH - Main Area
Land Size
41.5 x 79 FT
Parking Space Total
2

Building

Building Type
Other
Storeys
2.00
Square Footage
1500 - 2000 sqft
Bathrooms Total
5
Bedrooms Above Ground
9
Bedrooms Total
9
Exterior Finish
Brick, Steel
Fireplace Present
No
Basement Type
N/A (Unfinished)
Basement Features
Building Heating Type
Radiant heat
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
RIGHT AT HOME REALTY
MLS® number:
T14091358
Agent:
Darlo Cabrera Estranero
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