4319 Hwy 11 N

North Bay | | P1B 8G3
  • 5093.0 sqft
  • 0 gar

$1,140,000

Est. Mtg $3,865 /mo
  • Days on market

    312

  • Status

    A

Listing Broker REALTY EXECUTIVES LOCAL GROUP, BROKERAGE
Since listed: 3 views

Home details

MLS #:

X7405856

Property type:
Investment
Style:
Taxes:
$9,545
Possession:
TBA
Condo Fee:
Lot Size:
210.0 X 210.0
Zoning:
RC SP.22 WITH SPC
Use:
Apts-13 To 20 Units
Heat:
Gas Forced Air Closd

Description


4319 Hwy 11 N, , North Bay, Ontario is a Investment property in North Bay and in the community in the P1B 8G3 postal code


TURNKEY CASHFLOWING 13 UNIT RESIDENTIAL COMPLEX SITTING ON 1 ACRE CONSISTING OF A NEWLY RENOVATED 3 - BEDROOM STAND - ALONE HOUSE, AND A 12 UNIT CONVERTED MOTEL REZONED IN 2022 WITH 11 BACHELOR UNITS AND 1 X 1 BEDROOM UNIT. GROSS RENTS ARE $133,962 WITH EXPENSE CALCULATION INCLUDING PROPERTY MANAGEMENT, VACANCY & MAINTENANCE EQUALING $48,402 GIVING A NET INCOME BEFORE MORTGAGE OF $82,218. THIS COMPLEX HAS ONLY 7 UNITS CLOSE TO OR AT MARKET RENT GIVING THE NEW OWNER ROOM TO LIFT THEIR INVESTMENT WHEN THE REMAINING 5 TENANTS MOVE OUT. MANY SUPORTING DOCS ON INCLUDING NEW SHINGLES WITH ICE GUARD TO PEAK 2023, SITE PLAN CONTROL SHOWING ALL BUILDING PARKING ETC., WATER TESTING AND WELL REPORTS, ZONING CONFIRMATIONS, FIRE RETROFIT 2014 AND OF COURSE A DETAILED INCOME & EXPENSES REPORT. 3 BEDROOM HOUSE JUST RECEIVED OCCUPANCY PERMITS FROM CITY, PREVIOUS FIRE REMEDIATION AND RECENTLY RENOVATED..

Extras

**INTERBOARD LISTING: NORTH BAY REAL ESTATE BOARD**.



Payment calculator

$4660 monthly. In association with: TD Bank
%
  • Principal and Interest
    3865 /mo
  • Property Taxes
    $795 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Hamid Shahsavar, Realtor

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