8 + 1 Units in Thunder Bay
$999,000
Highlights
Units
8 + 1
Stories
2.5
Price Per Unit
$111,000
Lot Size
49.8 x 129.42 FT
Cap Rate
6.0%
8 Residential Plus 1 Commercial Centrally Located In Thunder Bay. 2 X 1 Bedrooms, 5 X 2 Bedrooms, 1 X 2 Bedroom Plus Den. Fully Occupied With A Phenomenal 6.8% Cap Rate. 20% Of Units Were Extensively Renovated In 2022, With Completely New Bathrooms (Toilet, Shower Systems, Vanity), Flooring, Appliances, Windows, Etc. Common Areas Refinished With New Lighting Systems, New Windows, And Doors On 3 Units. Roof Updated In 2018, Furnace Updated In 2021, Tenants Pay Their Own Heat, Hydro & Water. Ample On Site Parking, Coin Laundry Onsite Provides Additional Income.
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All information furnished regarding this property is from sources deemed reliable but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price or other terms, prior to sale or withdrawal without notice. Prospective purchasers are advised to seek independent legal, accounting, or any other consulting advise as may be deemed necessary to submit an offer to purchased.