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Est. payment | /mo
8 Beds
4 Baths
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Est. payment | /mo
8 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Central
MLS Listing ID X14103222
Style 2-Storey
Bedrooms 8
Annual Tax Amount $9,378
Tax Year 2026
Property Sub-Type Fourplex
Property Description
Strong Cash Flow & Excellent Investment Potential! This solid fourplex is an outstanding opportunity for investors seeking attractive returns and value-add potential. Featuring four spacious, bright 2-bedroom units with efficient radiant in-floor heating on the main floor, gas forced air on the second floor, and in-suite laundry hookups, this property generates over $90,000 in gross annual income. Three units currently rent for $1,950/month, with tenants paying their own utilities(separate gas and hydro meters), keeping operating expenses to a minimum. The fourth unit is currently vacant and freshly updated, offering an excellent opportunity to set market rent and maximize income. With a compelling 7.71% cap rate, low operating costs, and additional rental income potential, this property is well suited for both seasoned investors and those looking to expand their portfolio. Cash flow statement available upon request.
Location
Province ON
County Nipissing
Area Nipissing
Rooms
Family Room No
Basement None
Kitchen 4
Interior
Interior Features Air Exchanger
Cooling Window Unit(s)
Inclusions 4 Fridges, 4 Stoves
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 60.0
Lot Depth 132.0
Total Parking Spaces 8
Building
Foundation Slab
Others
Senior Community No
ParcelsYN No
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
Nearby Locations
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