43
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$629,000
Est. payment /mo
2,720 SqFt
Price Dropped by $20K
200 Rowand ST Thunder Bay, ON P7C2P4
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,720 sqft
Price per Sqft $231
Subdivision Thunder Bay
MLS® Listing ID TB250161
Originating Board Thunder Bay Real Estate Board
Property Description
***8 PLEX***9 % CAP RATE***Solid Brick Multi-Family investment Property. 1300sf x3 flr. NEWLY RENOVATED 2021. Professionally Managed. CASH RENTAL INCOME Unit#8-$975, #7-$630, #6-$1150, #5-$630, #4-$1100, #3-$776, #2-$1000, #1-$1125->Total Monthly Rent **$7,386/m TOTAL ANNUAL RENT**$88,632 per Year*** NET INCOME $58,633.48-> 9% CAP RATE ->Property has been partially renovated and is ready to lease for new owner. 1-2Brm. 2-1Brm & 5 Bachelor. BUILDING IS ALMOST COMPLETELY RETROFITTED in 2021 (See Photos). (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Boiler
Exterior
Parking Features No
Community Features Bus Route
View Y/N No
Private Pool No
Building
Story 2.5
Sewer Municipal sewage system
Listed by ROYAL LEPAGE LANNON REALTY