25 Father Costello Drive
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About This Property
This exceptional turn-key investment LEGAL 5PLEX is generating a generous income the moment you close. Featuring a meticulously maintained with modern electrical, plumbing, and HVAC systems means low maintenance and long-term peace of mind. All Five Units are Tenanted by A++ tenants. Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. This Multiplex has Annual Gross Rental of Income of $80,640; NOI of $53,688 and a Cap Rate of 10%. The monthly Cash Flow is $2,153 and an ROI of 23.5% . Take part in the very rapid growth of Timmins brought about by opening of new mines. Current Rental Vacancy is 2%. Rare, renovated, and revenue-ready - don't miss this!!!!! (id:63604)
Key Facts
Highlights
- Washer
- Refrigerator
- Water meter
- Stove
- Dryer
Property Details
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Neighbourhood
- Area
- SCH - Main Area
- City
- Timmins
- Postal code
- P0N 1G0
- Nearby
- McIntyre and Father Costello
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