At just $72,000 per unit and boasting a cap rate of 9.5%, 380 Fisher Street is a rare opportunity for savvy investors looking for a solid value-add project. This nine-unit property in North Bay blends a spacious Victorian home with a commercial building, offering massive upside. Four units have been fully renovated, while the remaining five are ready for renovation as tenants transition, giving you the chance to unlock significant value. While the property is in need of some TLC, the potential for improvement is clear. Recent upgrades include a new commercial flat roof, a sturdy front steel door, and a brand-new boiler system installed in 2023, laying a solid foundation for future work. (id:61594)
| MLS® Number | X12650246 |
| Property Type | Multi-family |
| Community Name | Central |
| Equipment Type | Furnace |
| Features | Irregular Lot Size |
| Rental Equipment Type | Furnace |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 4,413 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | Yes |
| Size Depth | 67 Ft ,1 In |
| Size Frontage | 59 Ft ,3 In |
| Size Irregular | 4413 |
| Size Total | 4413 Ac |
| Size Total Text | 4413 Ac |
| Zoning Description | C2 |
https://www.realtor.ca/real-estate/29204453/380-fisher-street-north-bay-central-central
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