13 Dupont St Smooth Rock Falls, Ontario P0L 2B0
$299,000
Talk about an income opportunity with a cap rate over 10%. 61,092$ Gross income per year. Approximately 21,879$ expenses per year. Approximately 39,212$ net operation income per year. 3-unit apartment building with a storage garage. Unit-A has 4 bedrooms. Unit-B has 2 bedrooms. Unit-C has 3 bedrooms. All 3-units have basements for extra storage with there own forced air furnaces installed in 2018, and laundry areas with washers and dryers. Appliances for all units are included. Most large furniture and televisions in unit-A are included. Landlord presently supplies internet to the tenants. Utilities are included in the rents. 2021 the 3 hot water tanks were eliminated to update pluming and have 1 hot water on demand system to supply all 3 units. 2022 hydro was updated to go from 3 meters to 1 meter, the electrical stack coming in to the building was updated, the main 200-amp electrical panel was updated to breaker system. The roof shingles and front eaves were completed approximately 6 years ago. Back eaves were completed in 2022. Building has 2 sump pumps. With the potential of nickel mines opening in the near future in the surrounding area this could be a great investment opportunity. (id:35492)
Property Details
| MLS® Number | TM232317 |
| Property Type | Multi-family |
| Community Name | Smooth Rock Falls |
| Communication Type | High Speed Internet |
| Storage Type | Storage Shed |
Building
| Basement Type | Full |
| Constructed Date | 1964 |
| Cooling Type | Central Air Conditioning |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 2943 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| Gravel |
Land
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Frontage | 100.0000 |
| Size Irregular | 0.33 |
| Size Total | 0.33 Ac|under 1/2 Acre |
| Size Total Text | 0.33 Ac|under 1/2 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26338370/13-dupont-st-smooth-rock-falls-smooth-rock-falls
Interested?
Contact us for more information
Remi Desbiens
Salesperson
554 Hemlock St.
Timmins, Ontario P4N 6T7
(705) 560-9492
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Timmins, Cochrane & Timiskaming District Association of REALTORS®
RE/MAX Crown Realty (1989) Inc
June 27 2024 02:30:41
