26 Spring Street, West Nipissing, Ontario P2B 3G7

Listed for:
$679,900
8 beds
4 baths
Listed 40 days ago
Fourplex for rent: 26 Spring Street, West Nipissing, Ontario P2B 3G7

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About

Cross Streets: Ramsay St. ** Directions: Follow Hwy 17 W to Sturgeon Falls. Turn left onto Pembroke St. Follow Pembroke St and turn left onto Spring St. Well-Maintained Legal 4-Plex with nice updates! This property features four spacious 2-bedroom units, each separately metered for hydro. Every unit offers the convenience of in-suite laundry and comes with dedicated parking spaces. With reliable tenants in place and low-maintenance utilities, this is an excellent opportunity to expand your investment portfolio with a solid, income-generating property. Gross income $77619.36, Net Income before mortgage ( expenses: tax,gas,hydro,vacancy, maintenance, management, water, insurance) is $54,709 leaving a solid 8.05% Cap rate (id:27476)

Property Highlights

MLS® Number
X12966500
Type
Multi-family
Community Name
Sturgeon Falls
Land Size
88 x 132 FT
Parking Space Total
8

Building

Building Type
Fourplex
Storeys
2.00
Square Footage
3000 - 3500 sqft
Bathrooms Total
4
Bedrooms Above Ground
8
Bedrooms Total
8
Amenities
Separate Electricity Meters Golf Nearby, Hospital, Schools, Public Transit
Exterior Finish
Vinyl siding
Fireplace Present
No
Basement Type
None
Basement Features
Building Heating Type
Forced air
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:
REALTY EXECUTIVES Local Group Inc. Brokerage
MLS® number:
X12966500
Agent:
Mike Burman
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