None
$500,000
Who else wants to be a millionaire? When was the last time you could take advantage of buying a property with creative financing! Better yet, are you already a cash millionaire! This one property with a realistic potential cap rate of 10% and possibly higher may be your ticket to a financial windfall and a wealthy retirement. You do the math: Twelve two bedroom approx. 875 square foot units at $1,350 each per month and the tenants pay utilities gives you $194,400 income per year. At a very low and realistic net income of $138,240 times a cap rate of 10% makes this property worth $1,382,400. With properties today selling at 5% cap rates, this one property all by itself could be worth $2,764,800. Doesn’t that make you a millionaire? For a more detailed information package contact Listing Agent. (id:48662)
Property Details
MLS® Number
|
24016207 |
Property Type
|
Multi-family |
Building
Constructed Date
|
1978 |
Cooling Type
|
None |
Exterior Finish
|
Brick, Stucco |
Flooring Type
|
Other |
Heating Fuel
|
Electric |
Stories Total
|
2 |
Type
|
Multi-family |
Parking
Land
Acreage
|
No |
Size Irregular
|
165.98 Ft X 152.73 Ft X 169.11 Ft X 152.39 Ft |
Size Total Text
|
165.98 Ft X 152.73 Ft X 169.11 Ft X 152.39 Ft |
Zoning Description
|
Res |
Rooms
Level |
Type |
Length |
Width |
Dimensions |
Second Level |
4pc Bathroom |
|
|
Measurements not available |
Second Level |
Laundry Room |
|
|
Measurements not available |
Second Level |
Bedroom |
|
|
Measurements not available |
Second Level |
Bedroom |
|
|
Measurements not available |
Main Level |
2pc Bathroom |
|
|
Measurements not available |
Main Level |
Dining Room |
|
|
Measurements not available |
Main Level |
Kitchen |
|
|
Measurements not available |
Main Level |
Living Room |
|
|
Measurements not available |
https://www.realtor.ca/real-estate/27169906/141-youngfox-road-blind-river