14 MILFORD CRESCENT
North Bay (Ferris), Ontario
MLS® X14101536
$3,495,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X14101536
- Bedrooms
- 23
- Bathrooms
- 12
- Year built
- —
1 / 37Listing description
Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchens, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.
27%, Gross rental income is $305,709. 12 with expenses (including management, vacancy, and maintenance) estimated at $86,470, resulting in a solid net income before financing of $219,239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors.
Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in.
Property summary
- MLS® number
- X14101536
- Property type
- Multi-family
- Building type
- Other
- Land size
- 123 x 125 FT
- Annual property taxes
- $28,800.00
- Parking
- 13 spaces · No Garage
- Days on market
- 12 days
Features & details
- Heating
- Natural gas
- Cooling
- None
- Basement
- None
- Appliances
- Two stoves, Water Heater, Two Refrigerators
- Exterior features
- Steel, Brick
- Community features
- School Bus, Community Centre
What would this home cost you?
Based on the $3,495,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REALTY EXECUTIVES Local Group Inc. Brokerage, NORTH BAY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.