141 Youngfox ROAD Active Save Request In-Person Tour Request Virtual Tour
Blind River,ON P0R1B0
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24016207
Originating Board Windsor-Essex County Association of REALTORS®
Year Built 1978
Property Description
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:24570)
Location
Province ON
Rooms
Extra Room 1 Second level Measurements not available 4pc Bathroom
Extra Room 2 Second level Measurements not available Laundry room
Extra Room 3 Second level Measurements not available Bedroom
Extra Room 4 Second level Measurements not available Bedroom
Extra Room 5 Main level Measurements not available 2pc Bathroom
Extra Room 6 Main level Measurements not available Dining room
Interior
Cooling None
Flooring Other
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Building
Story 2
Others
Ownership Freehold