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200 Rowand ST
Thunder Bay Ontario , P7C2P4 , Canada
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$629,000.00
MLS® TB250161
Investment
Lot Frontage: 25
Remarks:
***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:7526)

Property Features:
  • Access Type: Road access
  • Communication Type: High Speed Internet
  • Community Features: Bus Route
  • Property Type: Multi-family
  • Sewer: Municipal sewage system
  • Utility Type: Cable - Available
  • Utility Type: Telephone - Available
  • Utility Type: Natural Gas - Available
  • Utility Type: Hydro - Available
Building Features:
  • Basement Type: Full
  • Building Type: Multi-Family
  • Exterior Finish: Brick , Siding , Stucco
  • Foundation Type: Concrete Perimeter
  • Heating Type: Boiler

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