2060-2084 Cassells Street North Bay, Ontario P1B 4E2
$965,000
Attention investors! Legal 7 unit apartment building consisting of 3-2 bedroom 3-1 bedroom and 1 bachelor apartment, all rented out with market rents and tenants pay their own heat and hydro. This well maintained property currently generates $109,080 in gross income translating to $83,863 in net operating income. Offered for sale at an impressive 8.6% rate of return. There is a mandatory Assumable Mortgage at 5.1% with a 45 year Amortization with approx $840,000 balance which helps give you lower monthly payments and increased monthly cash flow. This property is centrally located, has had many upgrades and improvements and is ready for new management. This is a property any savvy investor would love to own. (id:60234)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12001469 |
| Property Type | Multi-family |
| Community Name | Central |
| Features | Irregular Lot Size |
| Parking Space Total | 7 |
Building
| Heating Type | Baseboard Heaters |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 16 Ft |
| Size Frontage | 155 Ft ,10 In |
| Size Irregular | 0.142 |
| Size Total | 0.142 Ac |
| Size Total Text | 0.142 Ac |
| Zoning Description | C4 |
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July 08 2025 04:28:29
North Bay and Area REALTORS® Association
Royal LePage Northern Life Realty, Brokerage