ON > Blind River
Blind River, ON P0R1B0,141 Youngfox ROAD
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Ahmad Moharam

Ahmad Moharam

+1(613) 883-7060
$500,000
Est. payment /mo
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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

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Listed by VISION REALTY LOCAL INC.
agent-avatar

+1(613) 883-7060

ahmad.moharam@exprealty.com

343 PRESTON STREET, 11TH FLOOR, OTTAWA, Ontario, K1S1N4

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141 Youngfox ROAD