4319 HWY 11 N

North Bay, Ontario P1B8G3

0 beds · 0 baths · 5093 sqft

Turnkey cash flowing 13 Unit residential complex sitting on 1 acre consisting of a newly renovated 3-bedroom stand-alone house, and a 12 unit converted motel rezoned in 2022 with 11 bachelor units and 1x1 bedroom unit. Gross rents are $139339 with expense calculation including property management, vacancy and maintenance equaling $56745 giving a net income before mortgage of $82595. This complex has only 7 units close too or at market rent giving the new owner room to lift their investment when the remaining 5 tenants move out. Many supporting docs on including new shingles with ice guard to peak 2023, site plan control showing all buildings parking etc., water testing and well reports, zoning confirmations, fire retrofit 2014 and of course a detailed income and expenses report. 3 Bedroom house just received occupancy permits from city, previous fire remediation and recently renovated. Any touched renovations done to current code including electrical, gas furnace, framing, drywall etc. 4 older septics, drilled well with engineering reports under MOE guidelines. (id:39198)

This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.