502 Ellis Street, North Bay, ON, P1B 1W3
Seize the opportunity to expand your portfolio with 502 Ellis St! This purpose-built six-plex is a prime investment waiting to be claimed. Boasting desirable features like ample parking, separate hydro meters, and a reliable laundry income, this property is tailor-made for savvy investors seeking a lucrative venture. Potential for higher annual returns by increasing all units to market rent, maximizing your profitability. Currently, the property generates a gross income of $71,940, with expenses of $22,875, resulting a net operating income (NOI) of $49,064 and capitalization rate of 5.75%, inclusive of management, vacancy, and maintenance fees. Situated in a central location, 502 Ellis St offers convenience and access to amenities. Residents will appreciate the proximity to schools, parks, shopping centers, and reliable public transportation, ensuring a comfortable and convenient lifestyle. Don't miss out on this exceptional opportunity to expand your investment portfolio. Arrange a viewing today and secure this income-generating property.
RE/MAX Legend Real Estate Inc., Brokerage - North Bay
- 705-493-8999
- 705-495-4555
- sohailrouhani@gmail.com
RE/MAX Legend Real Estate Inc. Brokerage - Callander
- 705-498-8480
- 705-713-0300
- 705-495-1922
- tucker@remaxnorthbay.com
- Property Address: 502 Ellis Street, North Bay, ON, P1B 1W3
- Property Type: Residential Income
- Zoning Description: R3
- Sewage Type: Sewer (Municipal)
- Water Type: Municipal-Metered
- Driveway: Outside/Surface/Open, Private Drive Triple+ Wide, Outside/Surface/Open, Private Drive Triple+ Wide
- Waterfront Type: false
- Maintenance Fee: 0.00
- Storeys: 1
- Building Age: 1957
- Bedrooms: 12
- Bathrooms: 6-Total
- Basement Type: Full, Finished
- Cooling: None
- Exterior Type: Brick
- Foundation Type: Concrete Block
- Appliances Included: Water Heater
- Structures: Multi-6-9 Unit
- Private Entrance
- Separate Hydro Meters
- High Speed Internet
- Separate Heating Controls
- Separate Hydro Meters
- Main Level
- Urban
- Irregular Lot
- Airport
- Ample Parking
- Corner Lot
- Highway Access
- Hospital
- Major Anchor
- Major Highway
- Public Transit
- Rec./Community Centre
- Regional Mall
- School Bus Route
- Schools
- Shopping Nearby
- Skiing
- Trails
- Gravel
- Carbon Monoxide Detector(s)
- Smoke Detector(s)
Listing Offices: RE/MAX Legend Real Estate Inc., Brokerage
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