$269,000
219 - 221 Devonshire Avenue, Iroquois Falls, ON P0K 1E0
Property Description
Property type
Triplex
Lot size
< .50
Style
2-Storey
Approx. Area
2500-3000 Sqft
About 219 - 221 Devonshire Avenue
Outstanding Investment Opportunity: 2-Storey Triplex. Features three spacious units: a 4-bedroom, a 2-bedroom, and a 1-bedroom currently vacant, ideal for owner-occupier or new tenant at market rent. Two units are already tenanted, generating solid cash flow. Key Financials: Gross Income Multiplier (GIM): 7X, Net Operating Income (NOI): $25,980, Cap Rate: 9.66%, Gross Rent Multiplier (GRM): 7, Operating Expense Ratio (OER): 28.78%. A strong-performing asset perfect for investors seeking immediate income and long-term upside. Don't miss this rare opportunity.
Home Overview
Last updated
Jun 20
Virtual tour
None
Basement information
Unfinished
Building size
--
Status
In-Active
Property sub type
Triplex
Maintenance fee
$N/A
Year built
--
Additional Details
Price Comparison
Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - Devonshire Avenue

Book a Showing
Tour this home with Angela
I agree to receive marketing and customer service calls and text messages from Condomonk. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service.