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320 Second Ave E,Well maintained Triplex with 2x3 bedroom and 1x2 bedroom apartments. Shows good financials and has a current Fire retrofit completed in 2017 from the City of North Bay. Gross income $51,505.20/yr. Expenses $ 19,311.42(actual 2021),Net Income $ 32,193.78,giving a cap rate of 5.85%. Parking spaces x3 in front with more parking at the back of the property or leave as yard currently. Tenants pay own hydro in 2 of the units. Break down of income and expenses on file. Seller will hold a second mortgage vtb,terms to be determined with acceptable offer. (id:24093)
Listed by MIKE BURMAN and JOSEE LAPERLE of REALTY EXECUTIVES Local Group Inc. Brokerage

Property Details of 320 Second Avenue East

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"Based on information submitted to CREA as of May 17, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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