This cash flowing 4plex provides a ton of upside to add to your investment portfolio. Though it is cash flowing as-is, the rents are under market and can be increased with tenant turnover and strategic renovations. Currently, the rents are all inclusive but there are separate meters which gives you the opportunity to lower your expenses as well. In the basement you'll find a 1 bedroom rented for $735.44, the main floor 3 bedroom is renting for 838.04 while the 2nd and 3rd floors are rented by the room totalling $2504.55 and the back bachelor is bringing in $703.92 for a current annual income of $57,383.40. ($4,781.95/mo). (id:31697)
| MLS® Number | 40639362 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit |
| Community Features | School Bus |
| Equipment Type | Other, Water Heater |
| Parking Space Total | 3 |
| Rental Equipment Type | Other, Water Heater |
| Bathroom Total | 5 |
| Bedrooms Total | 9 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1920 |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Stories Total | 3 |
| Size Interior | 2,608 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 128 Ft |
| Size Frontage | 35 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Multiplex |
https://www.realtor.ca/real-estate/27347831/483-1st-avenue-east-north-bay
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