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ATTENTION INVESTORS. Gros Income is $73,401.60 with a Net Income of $50,287.23. The building has been meticulously maintained with many quality improvements. New 5th residential apartment (2021) Gas Boilers (2020) Roofing (2019 & 2023) 5 residential apartments and 2 commercial units and a warehouse area. Convenient to shopping and public transportation. Minimum 24 hours notice required for showings. Monday to Saturday 9 a.m. to 4:30p.m. (id:27476)
Calling all investors! This property boasts a gross income of $73,401.60 and a net income of $50,287.23. The building has been exceptionally well-maintained and has seen numerous high-quality upgrades. These include the addition of a fifth residential apartment in 2021, new gas boilers installed in 2020, and roofing updates in both 2019 and 2023. In addition to the residential units, there are also two commercial units and a warehouse area. The property is conveniently located near shopping and public transportation, making it an attractive option for tenants.
Showings for this property require a minimum of 24 hours notice and are available Monday to Saturday from 9 a.m. to 4:30 p.m. Don't miss out on this incredible investment opportunity!
This property is currently on the market and offers a land size of 40.0 x 120.0, making it just under half an acre. It is situated at 262-266 Wellington ST W in the city of Sault Ste Marie, Ontario, with a postal code of P6A1H7. The community of Sault Ste Marie is known for its charm and amenities, making it an ideal location for this income-generating property.
When it comes to the building itself, the exterior finish features aluminum siding, concrete block, and siding. Heating options include other fuel sources as well as natural gas, with a boiler system in place to keep the property warm and comfortable for all occupants.
