47
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$1,500,000
Est. payment /mo
12 Beds
8 Baths
5,000 SqFt
Active
245 MATTAWA STREET North Bay (west End), ON P1B4M2
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $300
Subdivision West End
MLS® Listing ID X12411450
Bedrooms 12
Half Baths 3
Source North Bay and Area REALTORS® Association
Property Description
Turnkey Investment opportunity with main floor 3 commercial/industrial units plus 5 residential apartments fully updated and turn key. Zoned M-2, this building has seen numerous upgrades to each residential unit plus a fire retrofit inspection 2024, updated hot water boiler in 2017. Residential apartments are 2x3 bedrooms and 3x2 bedrooms, all of which have seen large renovations and updates including kitchens, bathrooms, flooring, lighting, trim, 4 built in all in one laundry machines and most windows. The 3 commercial industrial units are 2075 Sqft, 1700 sqft and 700 sqft with high ceilings and 3 grade loading doors. Whole building is gas hot water and tenants rents are all inclusive except for the hydro cost. Actual Income and expense sheet available including management fees on the residential units, vacancy and maintenance allowances. Other supporting documentation upon request, legal non conforming building, Gross Income $175113 with Net income $115,928 and a Cap Rate of 7.73 including vacancy, utilities, taxes, maintenance and a 7% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Cooling None
Exterior
Parking Features Yes
Community Features School Bus
View Y/N No
Total Parking Spaces 14
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
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