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$ 1,155,000
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$ 1,155,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X12165368
Annual Tax Amount $18,285
Tax Year 2024
Property Sub-Type Investment
Property Description
Northern part of Sault Saint Marie on a major thoroughfare. 17 rental apartment suites - 16 bachelors and 1 one bed. Large site with ample surface parking. Fully occupied with rental upside. Many suites have been updated in the past 2 years. Solid wood frame construction and great curb appeal. Low maintenance building with no common areas, elevator or underground parking. Great first time investor purchase. Management in place to assume if needed. Asking a 7% cap rate or $67,000 per unit - way below replacement costs. ROI is over 16% on asking price. CASH FLOW......
Location
Province ON
County Algoma
Area Algoma
Interior
Cooling Partial
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 129.99
Lot Depth 234.79
Others
Security Features No
Listed by COMMERCIAL FOCUS REALTY INC.
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