4319 Hwy 11 N, North Bay
4319 Hwy 11 N, North Bay
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16 Photos
- Living area: 5093 sqft
- MLS®: 40522481
- Type: Townhouse
- Added: 131 days ago
Property Details
Turnkey cash flowing 13 Unit residential complex sitting on 1 acre consisting of a newly renovated 3-bedroom stand-alone house, and a 12 unit converted motel rezoned in 2022 with 11 bachelor units and 1x1 bedroom unit. Gross rents are $135,791 with expense calculation including property management, vacancy and maintenance equaling $50,155 giving a net income before mortgage of $85,636. This complex has only 7 units close too or at market rent giving the new owner room to lift their investment when the remaining 5 tenants move out. Many supporting docs on including new shingles with ice guard to peak 2023, site plan control showing all buildings parking etc., water testing and well reports, zoning confirmations, fire retrofit 2014 and of course a detailed income and expenses report. 3 Bedroom house just received occupancy permits from city, previous fire remediation and recently renovated. Any touched renovations done to current code including electrical, gas furnace, framing, drywall etc. 4 older septics, drilled well with engineering reports under MOE guidelines. (id:1945)
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Property Information
- Sewer: Septic System
- Cooling: None
- Heating: Baseboard heaters, Forced air, Electric, Natural gas
- Stories: 1
- Basement: None
- Directions: Hwy 11 North of North Bay 10 minutes to property
- Living Area: 5093
- Lot Features: Visual exposure, Crushed stone driveway, Laundry- Coin operated
- Photos Count: 16
- Water Source: Well
- Lot Size Units: acres
- Parking Total: 18
- Common Interest: Freehold
- Street Dir Suffix: North
- Subdivision Name: College Heights
- Tax Annual Amount: 9544.79
- Exterior Features: Vinyl siding
- Community Features: School Bus
- Foundation Details: Block
- Lot Size Dimensions: 1.028
- Zoning Description: RC Sp.22 with SPC
- Number Of Units Total: 13
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