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$649,900
Est. payment /mo
2,400 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $270
Subdivision Sault Ste. Marie
MLS® Listing ID SM252089
Year Built 1979
Source Sault Ste. Marie Real Estate Board
Property Description
Here's the value-add investment opportunity you've been waiting for. This solid, purpose-built brick 4-plex is located in a desirable west end neighbourhood close to Market Mall, public transit, and all amenities. The building features four self-contained units, including three spacious 2-bedroom units and one spacious 3-bedroom unit. Each unit is separately metered with five hydro meters in the building, allowing tenants to pay their own power and keeping your operating costs down. Additional income potential comes from the on-site coin laundry, and each unit benefits from individual storage. Most of the units have already been updated with new flooring, doors, trim, and paint. The building offers secure front and rear entrances and ample parking for tenants. What truly sets this property apart is that three of the four units are currently vacant, giving you a rare chance to set your own rents at current market value from day one. Whether you're a seasoned investor looking to expand your portfolio, or a new buyer seeking a strong income-generating asset with upside, this property offers the flexibility, location, and potential to deliver solid returns. Don't miss out on this rare opportunity in a tight rental market. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 1
Sewer Municipal sewage system
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Listed by Century 21 Choice Realty Inc.