Space
Finished area and layout
- Square Feet
- 3,500-5,000 sqft
- Bedrooms
- 8
- Bathrooms
- 4





Property Snapshot
MLS #X14103222
Finished area and layout
Type, style and structure
This 8-bedroom, 4-bathroom fourplex in North Bay offers 3,500-5,000 sqft of square feet on a 60 x 132 FT lot. 2 storeys. The home features window unit(s), a none basement. Highlights include a none pool.
Strong Cash Flow & Excellent Investment Potential! This solid fourplex is an outstanding opportunity for investors seeking attractive returns and value-add potential. Featuring four spacious, bright 2-bedroom units with efficient radiant in-floor heating on the main floor, gas forced air on the second floor, and in-suite laundry hookups, this property generates over $90,000 in gross annual income. Three units currently rent for $1,950/month, with tenants paying their own utilities(separate gas and hydro meters), keeping operating expenses to a minimum. The fourth unit is currently vacant and freshly updated, offering an excellent opportunity to set market rent and maximize income. With a compelling 7.71% cap rate, low operating costs, and additional rental income potential, this property is well suited for both seasoned investors and those looking to expand their portfolio. Cash flow statement available upon request. (id:60351)
North on John Street, East on Worthington to Sign
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Land, frontage and setting
Price, taxes and monthly charges
Approximate location (street). The marker identifies the validated street area, not an exact civic address.
View larger mapListed by AIMEE CAZABON, REALTY EXECUTIVES Local Group Inc. Brokerage
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Listed by AIMEE CAZABON, REALTY EXECUTIVES Local Group Inc. Brokerage · MLS# X14103222
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