141 Youngfox ROAD, Blind River, Ontario, P0R 1B0
$500,000MLS® # 24016207
Investment For Sale In Blind River, Ontario
Property Information:
Who else wants to be a millionaire? When was the last time you could take advantage of buying a property with creative financing! Better yet, are you already a cash millionaire! This one property with a realistic potential cap rate of 10% and possibly higher may be your ticket to a financial windfall and a wealthy retirement. You do the math: Twelve two bedroom approx. 875 square foot units at $1,350 each per month and the tenants pay utilities gives you $194,400 income per year. At a very low and realistic net income of $138,240 times a cap rate of 10% makes this property worth $1,382,400. With properties today selling at 5% cap rates, this one property all by itself could be worth $2,764,800. Doesn’t that make you a millionaire? For a more detailed information package contact Listing Agent. (id:27)
Building Features:
- Style: Fourplex
- Building Type: Multi-Family
- Exterior Finish: Brick, Stucco
- Flooring Type: Other
- Heating Fuel: Electric
- Cooling Type: None
Property Features:
- OwnershipType: Freehold
- Property Type: Multi-family
- Built in: 1978
- Irregular: Yes
- Lot Size: 165.98 ft x 152.73 ft x 169.11 ft x 152.39 ft
- Zoning: RES
- Parking Type: Other
- No. of Parking Spaces: 12
Rooms:
- Bathroom 2nd Level Measurements not available
- Laundry 2nd Level Measurements not available
- Bedroom 2nd Level Measurements not available
- Bedroom 2nd Level Measurements not available
- Bathroom Main Level Measurements not available
- Dining Main Level Measurements not available
- Kitchen Main Level Measurements not available
- Living Main Level Measurements not available
Courtesy of: VISION REALTY LOCAL INC.
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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.