14 Milford Crescent, North Bay (Ferris), Ontario

About 14 Milford Crescent

Turnkey investment opportunity with strong cash flow located on a quiet street just off Lakeshore dr. Total of 12 Units (11-2 Bedrooms/1-1 Bedroom) This turnkey 12-unit residential purpose built complex delivers immediate cash flow and has seen major renovations to every unit including all kitchens, bathrooms, flooring, trim, lighting, paint and more. Cap rate at 6.27%, Gross rental income is $305,709.12 with expenses (including management, vacancy, and maintenance) estimated at $86,470, resulting in a solid net income before financing of $219,239. Other notable features are: All rents plus hydro, hot water boiler system, 13 parking spaces and security doors. Within walking distance bus route on Lakeshore dr, restaurants, shopping mall, Shoppers Drug mart, Cineplex and Lake Nipissing access close by. Immediate cash flow after mortgage payment plus significant principle recapture makes this a solid investment opportunity. Photos are previous to tenants moving in. (id:6289)

More Info on this Ferris Other MLS® listing

14 Milford Crescent is an other listing for sale in North Bay (Ferris). The MLS® number is X14101536. It features 23 bedrooms, 12 bathrooms. It's currently listed for $3,495,000. For more details on MLS® X14101536, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This other listing in Ferris is available now!

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