$299,000
FOR SALE

Multiplex

Lot: 100 x 149.75 ft

13 Dupont Street
Smooth Rock Falls, ON P0L 2B0

Talk about an income opportunity with a cap rate over 10%. 61,092$ Gross income per year. Approximately 21,879$ expenses per year. Approximately 39,212$ net operation income per year. 3-unit apartment building with a storage garage. Unit-A has 4 bedrooms. Unit-B has 2 bedrooms. Unit-C has 3 bedrooms. All 3-units have basements for extra storage with there own forced air furnaces installed in 2018, and laundry areas with washers and dryers. Appliances for all units are included. Most large furniture and televisions in unit-A are included. Landlord presently supplies internet to the tenants. Utilities are included in the rents. 2021 the 3 hot water tanks were eliminated to update pluming and have 1 hot water on demand system to supply all 3 units. 2022 hydro was updated to go from 3 meters to 1 meter, the electrical stack coming in to the building was updated, the main 200-amp electrical panel was updated to breaker system. The roof shingles and front eaves were completed approximately 6 years ago. Back eaves were completed in 2022. Building has 2 sump pumps. With the potential of nickel mines opening in the near future in the surrounding area this could be a great investment opportunity. (id:47421)
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Listed By RE/MAX CROWN REALTY (1989) INC
Data Provided By Timmins, Cochrane & Timiskaming District Association of REALTORS®
MLS® Listing Number T9275030
Last Updated Sep 24, 2024
Property Summary
Property Type Multiplex

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Price History

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Detailed Information
Lot 100 x 149.75 ft
Listing Contract Date 2023-12-05
Location Description From Highway 11 turn on Dupont
# of Parking Spaces 6
Property Type Multi-family
Transaction Type For sale
Zoning Description R3
Building
Appliances Furniture
Foundation Type Unknown
Heating Fuel Natural gas
Heating Type Forced air
Type Other
Utility Water Municipal water
Land
Total Size 100 x 149.82 FT | under 1/2 acre
Sewer Sanitary sewer
Size of Irregular Land 100 x 149.82 FT

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