245 Mattawa Street, North Bay (West End), Ontario

About 245 Mattawa Street

Investment opportunity with main floor 3 commercial/industrial units plus 5 residential apartments fully updated and turn key. Zoned M-2, this building has seen numerous upgrades to each residential unit plus a fire retrofit inspection 2024, updated hot water boiler in 2017. Residential apartments are 2x3 bedrooms and 3x2 bedrooms, all of which have seen large renovations and updates including kitchens, bathrooms, flooring, lighting, trim, 4 built in all in one laundry machines and most windows. The 3 commercial industrial units are 2075 Sqft, 1700 sqft and 700 sqft with high ceilings and 3 grade loading doors. Whole building is gas hot water and tenants rents are all inclusive except for the hydro cost. Actual Income and expense sheet available including management fees on the residential units, vacancy and maintenance allowances. Other supporting documentation upon request, legal non conforming building, Gross Income $177,309 with Net income $119,124 and a Cap Rate of 7.03 including vacancy, utilities, taxes, maintenance and a 5% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request. All photos are before tenants moved in. (id:6289)

More Info on this West End Multi-Family MLS® listing

245 Mattawa Street is a multi-family listing for sale in North Bay (West End). The MLS® number is X13473536. It features 8 bathrooms and covers 8,950 square feet. It's currently listed for $1,695,000. For more details on MLS® X13473536, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in West End is available now!

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