Realestate

Property Details

1 of 4
$447,000
314 Birch Street, Timmins, ON P4N 6S6
4 + 3
4
1
MLS®T13863352
Property Type
Residential Freehold
Sub Type
Multiplex
Heating
Baseboard
Cooling
None
Lot Size
112.5 x 60.01 Feet
Approx Age
N/A
Well-maintained 4-unit multiplex on a large lot with laneway access and a detached garage.Features two 2-bedroom units on the main floor, one 2-bedroom and one 1-bedroom unit in thebasement. All units are occupied with tenants paying rent on time. Recent updates include newdoor seals throughout, plus a new door, windows, flooring, fridge, and paint in Unit 4 (Feb.2023). Awning installed for Unit 3 in Nov. 2023. Baseboard heating; hydro and heat paid bytenants. Gross annual income of approximately $49,020 an attractive 7% to 8% cap rate,including garage rental. Great income-producing investment opportunity
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