$1,155,000
859 Trunk Road, Sault Ste Marie, ON P6A 3T3
Property Description
Property type
Investment
Lot size
N/A
Style
Approx. Area
0.421 Sqft
About 859 Trunk Road
Northern part of Sault Saint Marie on a major thoroughfare. 17 rental apartment suites - 16 bachelors and 1 one bed. Large site with ample surface parking. Fully occupied with rental upside. Many suites have been updated in the past 2 years. Solid wood frame construction and great curb appeal. Low maintenance building with no common areas, elevator or underground parking. Great first time investor purchase. Management in place to assume if needed. Asking a 7% cap rate or $67,000 per unit - way below replacement costs. ROI is over 16% on asking price. CASH FLOW......
Home Overview
Last updated
May 24
Virtual tour
None
Basement information
Building size
0.421
Status
In-Active
Property sub type
Investment
Maintenance fee
$N/A
Year built
2024
Additional Details
Price Comparison
Location
Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - Trunk Road
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