141 Youngfox Road Blind River, Ontario P0R 1B0

None

$500,000

Who else wants to be a millionaire? When was the last time you could take advantage of buying a property with creative financing! Better yet, are you already a cash millionaire! This one property with a realistic potential cap rate of 10% and possibly higher may be your ticket to a financial windfall and a wealthy retirement. You do the math: Twelve two bedroom approx. 875 square foot units at $1,350 each per month and the tenants pay utilities gives you $194,400 income per year. At a very low and realistic net income of $138,240 times a cap rate of 10% makes this property worth $1,382,400. With properties today selling at 5% cap rates, this one property all by itself could be worth $2,764,800. Doesn’t that make you a millionaire? For a more detailed information package contact Listing Agent. (id:47351)

Property Details

MLS® Number 24016207
Property Type Multi-family

Building

ConstructedDate 1978
CoolingType None
ExteriorFinish Brick, Stucco
FlooringType Other
HeatingFuel Electric
StoriesTotal 2
Type Multi-family

Parking

Other 12

Land

Acreage No
SizeIrregular 165.98 Ft X 152.73 Ft X 169.11 Ft X 152.39 Ft
SizeTotalText 165.98 Ft X 152.73 Ft X 169.11 Ft X 152.39 Ft
ZoningDescription Res

Rooms

Level Type Dimensions
Second Level 4pc Bathroom Measurements not available
Second Level Laundry Room Measurements not available
Second Level Bedroom Measurements not available
Second Level Bedroom Measurements not available
Main Level 2pc Bathroom Measurements not available
Main Level Dining Room Measurements not available
Main Level Kitchen Measurements not available
Main Level Living Room Measurements not available

https://www.realtor.ca/real-estate/27169906/141-youngfox-road-blind-river