A prime investment opportunity, this well-maintained building offers close to 9,000 sq. ft. of rentable space. The main floor, currently vacant and zoned commercial, awaits your vision. The second floor features 9 residential 1 bedroom apartments, each generating $1,180/month in rent plus heat and electric. With a current monthly income of $10,620, the property is occupied by quality tenants, fostering a safe and secure community. Recently rebuilt with engineering and city permits, encapsulating masonry, windows, framing, electrical, plumbing, fire-rated drywall, and insulation. The building also features separate meters and minimal maintenance. This property offers security in a highly attractive cap rate alongside robust cash flow. Priced to sell. |
Extras: 5 HOT WATER TANKS, 9 FRIDGES, 9 STOVES, TWO WASHER/TWO DRYER, |
Price | $899,900 |
Taxes: | $17000.00 |
Address: | 167-173 Gore St , Sault Ste Marie, P6A 1M3, Ontario |
Lot Size: | 64.00 x 136.00 (Feet) |
Directions/Cross Streets: | WELLINGTON ST AND NORTH ST |
Rooms: | 28 |
Bedrooms: | 9 |
Bedrooms +: | |
Kitchens: | 9 |
Family Room: | Y |
Basement: | Full |
Approximatly Age: | 51-99 |
Property Type: | Multiplex |
Style: | 2-Storey |
Exterior: | Brick |
Garage Type: | Attached |
(Parking/)Drive: | Private |
Drive Parking Spaces: | 9 |
Pool: | None |
Approximatly Age: | 51-99 |
Approximatly Square Footage: | 5000+ |
Fireplace/Stove: | N |
Heat Source: | Electric |
Heat Type: | Baseboard |
Central Air Conditioning: | None |
Laundry Level: | Upper |
Sewers: | Sewers |
Water: | Municipal |
Utilities-Cable: | A |
Utilities-Hydro: | Y |
Utilities-Gas: | Y |
Utilities-Telephone: | A |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RE/MAX REALTRON REALTY INC. |
|
Book Showing | Email a Friend |
Type: | Freehold - Multiplex |
Area: | Algoma |
Municipality: | Sault Ste Marie |
Neighbourhood: | |
Style: | 2-Storey |
Lot Size: | 64.00 x 136.00(Feet) |
Approximate Age: | 51-99 |
Tax: | $17,000 |
Maintenance Fee: | $0 |
Beds: | 9 |
Baths: | 9 |
Garage: | 0 |
Fireplace: | N |
Air Conditioning: | |
Pool: | None |