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141 Youngfox ROAD Blind River

141 Youngfox ROAD, Blind River, Ontario

$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:56241)

  • Listing ID: 24016207
  • Property Type: Multi-family
  • Year Built: 1978

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Rooms

LevelTypeDimensions
4pc Bathroom Second level Measurements not available
Laundry room Second level Measurements not available
Bedroom Second level Measurements not available
Bedroom Second level Measurements not available
2pc Bathroom Main level Measurements not available
Dining room Main level Measurements not available
Kitchen Main level Measurements not available
Living room Main level Measurements not available

Details

  • Ownership: Freehold
  • Transaction: For sale
  • Zoning Description: RES

Building

  • Constructed Date: 1978
  • Cooling: None
  • Exterior Finish: Brick, Stucco
  • Fireplace Present: False
  • Flooring: Other
  • Heating Fuel: Electric
  • Stories Total: 2
  • Type: Multi-Family

Land

  • Size Irregular: 165.98 ft x 152.73 ft x 169.11 ft x 152.39 ft
MLS®

Listing provided by VISION REALTY LOCAL INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

REALTOR®

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 141 Youngfox ROAD in Blind River Ontario. It was last modified on July 15th, 2024. Contact the Team Bloomfield to schedule a viewing or to discover other Blind River real estate for sale.

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Want more information or schedule a showing? Request more information with the Team Bloomfield, who specializes in Blind River properties.

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