$ 425.000

483 1st Avenue East, North Bay

  • Bedrooms: 9
  • Bathrooms: 5
  • Living area: 2608 square feet
  • Type: Commercial
  • Added: 19 days ago
  • Updated: 5 days ago
  • Last Checked: 6 hours ago
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.\r\n\r\nIn 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:1945)

Property DetailsKey information about 483 1st Avenue East

  • Cooling: Wall unit
  • Exterior Features: Brick
  • Foundation Details: Block
  • Type: 4plex
  • Current Annual Income: 57383.4
  • Monthly Income: 4781.95
  • Cash Flow Status: Cash flowing as-is

Interior FeaturesDiscover the interior design and amenities

  • Living Area: 2608
  • Bedrooms Total: 9
  • Units: [object Object], [object Object], [object Object], [object Object]
  • Current Rent Structure: All inclusive
  • Opportunity For Rent Increase: Yes, with tenant turnover and strategic renovations

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 483 1st Avenue East

  • Water Source: Municipal water
  • Parking Total: 3
  • Lot Size Dimensions: Unit=34.68 x 127.7 FT
  • Separate Meters: Yes
  • Potential For Lower Expenses: Yes

Location & CommunityUnderstand the neighborhood and community

  • Directions: Right on Regina off of Main St E and left on 1st Ave.

Business & Leasing InformationCheck business and leasing options available at 483 1st Avenue East

  • Under Market Rents: Yes

Utilities & SystemsReview utilities and system installations

  • Sewer: Sanitary sewer

Tax & Legal InformationGet tax and legal details applicable to 483 1st Avenue East

  • Tax Year: 2024
  • Tax Annual Amount: 3478.43
  • Zoning Description: Multiplex

Additional FeaturesExplore extra features and benefits

  • Upside Potential: Yes, to add to investment portfolio
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Nearby Listings Stat

Active listings
2
Min Price
$425,000
Max Price
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Avg Price
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Days on Market
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Sold listings
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Min Sold Price
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Max Sold Price
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Avg Sold Price
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Days until Sold
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More Details?
  • Morgan Little
  • CHASE REALTY INC.
  • 647-802-7626

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