SALES@SUNCOUNTYREALTY.COM
O: (519) 322-1212
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SALES@SUNCOUNTYREALTY.COM
O: (519) 322-1212
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:54135)
| MLS® Number | 24016207 |
| Property Type | Multi-family |
| ConstructedDate | 1978 |
| CoolingType | None |
| ExteriorFinish | Brick, Stucco |
| FlooringType | Other |
| HeatingFuel | Electric |
| StoriesTotal | 2 |
| Type | Multi-family |
| Other | 12 |
| Acreage | No |
| SizeIrregular | 165.98 Ft X 152.73 Ft X 169.11 Ft X 152.39 Ft |
| SizeTotalText | 165.98 Ft X 152.73 Ft X 169.11 Ft X 152.39 Ft |
| ZoningDescription | Res |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | Measurements not available | ||
| Second Level | Laundry Room | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Main Level | 2pc Bathroom | Measurements not available | ||
| Main Level | Dining Room | Measurements not available | ||
| Main Level | Kitchen | Measurements not available | ||
| Main Level | Living Room | Measurements not available |
https://www.realtor.ca/real-estate/27169906/141-youngfox-road-blind-river
Contact us for more information
Vic Pattenaude
Broker
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
