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$1,155,000
Available - For Sale
Listing ID: X12165368
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......
Price $1,155,000
Taxes: $18,285
Tax Type: Annual
Assessment Year: 2024
Occupancy by: 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
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - 13 To 20 Units
Building Percentage: T
Total Area: .42
Total Area Code:  Acres
Area Influences: Major Highway   Public Transit
Financial Statement: F
Maintenance: 0
Net Income Before Debt: $80000
Expenses Actual/Estimated: $Est
Sprinklers: No
Heat Type: Baseboard
Central Air Conditioning: Partial
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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CMHC/GE $ $ $ $
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
COMMERCIAL FOCUS REALTY INC.

859 Trunk Road , Sault Ste Marie, P6A 3T3, Algoma


 
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At a Glance:
Type: Com - Investment
Area: Algoma
Municipality: Sault Ste Marie
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 234.79(Feet)
Approximate Age:
Tax: $18,285
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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