240 Greenwood Avenue, North Bay, ON, P1B 5G3
Welcome to 240 Greenwood Ave, situated in the desirable Pinewood neighborhood. This purpose-built six-plex is the perfect investment opportunity for those looking to expand their portfolio. With ample parking, separate hydro meters, and laundry income, this property is an excellent choice for savvy investors. There is potential for all units to be brought up to market rent increasing annual returns. This property is conveniently located near Nipissing University, the hospital, and Public Transit, making it an attractive choice for tenants. The gross income for this property is $98,484, with expenses of $25,593, resulting in a net operating income (NOI) of $72,890. With a CAP rate of 6% ( Management/ Vacancy/ Maintenance fees included), this property offers a solid return on investment. Don't miss out on this fantastic opportunity to own a six-plex in a highly sought-after neighborhood.
- Property Address: 240 Greenwood Avenue, North Bay, ON, P1B 5G3
- Property Type: Residential Income
- Zoning Description: RM1 SP.27
- Acreage: 0.21
- Sewage Type: Sewer (Municipal)
- Water Type: Municipal-Metered
- Driveway: Outside/Surface/Open, Visitor Parking, Outside/Surface/Open, Visitor Parking
- Waterfront Type: false
- Maintenance Fee: 0.00
- Storeys: 2
- Bedrooms: 12
- Bathrooms: 6-Total
- Basement Type: Full, Finished
- Cooling: None
- Exterior Type: Stucco
- Foundation Type: Concrete Block
- Structures: Multi-6-9 Unit
- Separate Heating Controls
- Separate Hydro Meters
- Coin Operated
- Common Area
- Lower Level
- Ample Parking
- Near Golf Course
- Highway Access
- Place of Worship
- Public Transit
- School Bus Route
- Carbon Monoxide Detector(s)
- Smoke Detector(s)
Listing Offices: RE/MAX Legend Real Estate Inc., Brokerage
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