$500,000

Investment For Sale In Blind River, Ontario

$500,000

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.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.