483 1ST AVENUE EAST, North Bay | Image 1

483 1ST AVENUE EAST

North Bay

  • Commercial

$425,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: Multiplex

  • Age: No Data

  • Taxes: 3478.43

  • MLS®#: X10403469

  • Days on Site: 80 Days

  • Added: Aug 28, 2024 (2 months ago)

  • Updated:

  • Last Checked: 1 day ago

  • Listed By: Chase Realty Inc., Brokerage

This cash flowing 4plex provides a ton of upside to add to your investment portfolio. Though it is cash flowing as-is, the rents are under market and can be increased with tenant turnover and strategic renovations. Currently, the rents are all inclusive but there are separate meters which gives you the opportunity to lower your expenses as well. In the basement you'll find a 1 bedroom rented for $735.44, the main floor 3 bedroom is renting for 838.04 while the 2nd and 3rd floors are rented by the room totalling $2504.55 and the back bachelor is bringing in $703.92 for a current annual income of $57,383.40. ($4,781.95/mo).

Property

  • Status: Sale

  • Property Type: Investment

  • Area: North Bay

  • Availability Date: Immediate

  • Assessment Amount: $209,000

  • Assessment Year: 2024

Inside

  • Bathrooms: 5

  • Air Conditioning: Wall Unit

  • Washrooms: 5

Building

  • Basement: Y

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 3

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 392-393 PL 21 WIDDIFIELD AS IN NB149145; NORTH BAY ; DISTR

  • Taxes: $3,478

  • Expenses: Act

  • Insurance Fee: 2342

  • Operating Fees: 19183

  • Hydro Expense: 5788

  • Heat Expenses: 5200

Land

  • Cross Street: Right on Regina off

  • Municipality District: North Bay

  • Parcel Number: 491540032

  • Sewer: Sewers

  • Lot Depth: 127.7 Feet

  • Lot Frontage: 34.68 Feet

  • Zoning: Multiplex

Commercial Specific

  • Total Area: 2608

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

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Map of 483 1ST AVENUE EAST, North Bay
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