Spacious Fourplex with Strong Rental Income! This larger fourplex offers an exceptional investment opportunity with solid rental income from fully rented units. Situated in a desirable area, each unit features its own unique layout to attract a range of tenants. Property Highlights: Unit 1: Spacious 4-bedroom unit renting at $2,000/month (plus hydro) with a natural gas furnace installed in 2015, providing efficient heating. Unit A: Cozy bachelor unit renting at $850/month (plus hydro), ideal for singles or couples. Unit B: Comfortable 1-bedroom unit renting at $1,100/month (plus hydro), offering a great balance of space and affordability. Unit C: Compact 1 bedroom unit renting at $820/month, all-inclusive for convenient budgeting. Utilities & Heating: Unit 1: Heated by a natural gas furnace, ensuring warmth and energy efficiency. Units A, B, and C: Equipped with electric heating for individualized control. This property boasts strong, reliable rents with room for potential increases. Perfect for investors seeking a low-maintenance asset with a steady income stream **** EXTRAS **** MPAC 324, Total Sq.Footage 2200, Hydro Tenants, Heat $1140 /12mths, Water-Sewer $4356 / year. This property has central air. The property has gas heat and electric baseboards. The Natural gas fire place is not working. (id:47421)
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Listed By
REALTY NETWORKS INC.
Data Provided By
Timmins, Cochrane & Timiskaming District Association of REALTORS®
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Detailed Information
Bedrooms
6
Bathrooms
1
Lot
53 x 80 ft
Listing Contract Date
2024-11-04
Location Description
Off Middleton
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Zoning Description
NA-R3
Building
Amenities
Fireplace(s)
Basement Development
Partially finished
Basement Type
N/A (Partially finished)
Exterior Finish
Stucco
Fireplace Present
Yes
# of Fireplaces
1
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Fourplex
Utility Water
Municipal water
Utilities
Type
Description
Cable
Installed
Sewer
Installed
Land
Total Size
53 x 80 FT | under 1/2 acre
Sewer
Sanitary sewer
Size of Irregular Land
53 x 80 FT
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