$1,155,000
Available - For Sale
Listing ID: X12165368
859 Trunk Road , Sault Ste Marie, P6A 3T3, Algoma
| Northern part of Sault Saint Marie on a major thoroughfare. 17 rental apartment suites - 15 one beds and 2 bachelors. 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...... |
| Price | $1,155,000 |
| Taxes: | $18285.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 859 Trunk Road , Sault Ste Marie, P6A 3T3, Algoma |
| Postal Code: | P6A 3T3 |
| Province/State: | Algoma |
| Legal Description: | Lot 33, Plan 654 Rankin Location S/T T42 |
| Directions/Cross Streets: | Trunk and Dacey |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 13 To 20 Units |
| Building Percentage: | T |
| Total Area: | 0.42 |
| Total Area Code: | Acres |
| Area Influences: | Major Highway Public Transit |
| Financial Statement: | F |
| Net Income Before Debt: | $80000 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Partial |
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| COMMERCIAL FOCUS REALTY INC. |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Algoma |
| Municipality: | Sault Ste Marie |
| Neighbourhood: | Dufferin Grove |
| Tax: | $18,285 |
| Fireplace: | N |
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