188 Church St - Turnkey 5-Plex | 13.1% Cap Rate Excellent opportunity to add a cash-flowing 5-unit investment property to your portfolio. Featuring a strong unit mix of three 1-bedroom units and two 2-bedroom units, this property offers steady rental demand and stable tenancy appeal. Efficient natural gas boiler heat helps maintain predictable operating costs, while the newer detached double garage provides additional income potential through storage or parking rentals. Generating $62,580 gross annual income with a 13.1% cap rate, this is an attractive opportunity for investors seeking strong returns and long-term performance. (id:13843)
| MLS # | SM261200 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1904 |
| Days On Site | 160 |
| Listing Provided By | Century 21 Choice Realty Inc. | Ryan Dodd |
| SQ Feet | 2,750 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Heating | Radiant/Infra-red Heat, Boiler |
|---|---|
| Fireplace Yes / No | No |
| Foundation Details | Stone |
|---|---|
| Fencing | Fenced yard |
| Parking Features | Detached Garage, Gravel |
|---|
| Utilities | Natural Gas, Electricity, Cable, Telephone |
|---|---|
| Sewer | Municipal sewage system |
| Water Source | Municipal water |
| Tax Annual Amount | 5993.6 |
|---|
| Province | ON |
|---|---|
| City | Sault Ste. Marie |
| Postal Code | P6A3H5 |
| Listing VS Median (in P6A3H5) | |
Price: $349,900 low | high Med: $349,900 sqft: 2,750 low | high Med: 2,750 $ / sqft: $127 low | high Med: $127 On site: 160 low | high Med: 160 | |
| Province | ON |
|---|---|
| City | Sault Ste. Marie |
| Postal Code | P6A3H5 |
| Listing VS Median (in P6A3H5) | |
Price: $349,900 low | high Med: $349,900 sqft: 2,750 low | high Med: 2,750 $ / sqft: $127 low | high Med: $127 On site: 160 low | high Med: 160 | |