32 Wallace Ter, Sault Ste. Marie, Ontario

About 32 Wallace Ter

Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.39% cap rate, with additional income potential through the creation of a third unit. Legally zoned for a triplex, the property currently features one two-bedroom unit and one one-bedroom unit, while the upper level is ready to be renovated into an additional unit. Most of the materials required to complete the renovation are included with the sale. Tenants pay their own PUC utilities, helping to keep operating costs low. Additional highlights include a durable metal roof and a garage offering valuable storage space. A fantastic opportunity for investors looking for immediate rental income with room to grow! (id:6289)

More Info on this Sault Ste. Marie Multi-Family MLS® listing

32 Wallace Ter is a multi-family listing for sale in Sault Ste. Marie. The MLS® number is SM262650. It was built in 1930 and covers 1,100 square feet. It's currently listed for $209,900. For more details on MLS® SM262650, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in Sault Ste. Marie is available now!

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