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$ 955,000
Est. payment /mo
Active
523 First AVE North Bay, ON P1B 1K5
9 Beds
9 Baths
UPDATED:
02/18/2025 02:56 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision Central
MLS Listing ID X11822405
Style 3-Storey
Bedrooms 9
Annual Tax Amount $13,632
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Attention investors!!! This bright and clean 9 bachelor unit property has a gross income of $106,699 with the potential increase to $128,000 without any renovations. The convenient location to downtown, and transportation access to the hospital and University, make this a desirable spot for students or single-working professionals. With a 0% vacancy rate, this gem is easy to rent with the bonus of low maintenance and easy management. The year 2023 expenses: gas $4,434.19 - hydro $3063.24 - water/waste $1,953 - insurance $6,719. The property is well-maintained and has had many updates over the past 6 years. Responsible tenants. All paid rent on time, online. **EXTRAS** 9 fridges, 9 stoves, coin operated washer and dryer.
Location
State ON
County Nipissing
Community Central
Area Nipissing
Rooms
Family Room No
Basement Finished, Separate Entrance
Kitchen 9
Interior
Interior Features Separate Heating Controls
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 44.0
Lot Depth 128.0
Total Parking Spaces 6
Building
Foundation Poured Concrete, Stone, Concrete
Listed by ROYAL DYNASTY REAL ESTATE LTD.