25 Father Costello Drive, Timmins
- Price
- $550,000
- Type
- Multiplex
- Bedrooms
- 9
- Bathrooms
- 5
- Size
- 1500-2000
- Community
- SCH - Main Area
- City
- Timmins
- MLS®
- T14091358
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!!!!!
Listing brokerage: RIGHT AT HOME REALTY
Listing information is provided by PropTx Innovations Inc. for the Toronto Regional Real Estate Board (TRREB) IDX program, is deemed reliable but is not guaranteed accurate, and is intended for consumers’ personal, non-commercial use to identify properties they may be interested in purchasing or leasing. MLS®, REALTOR® and the associated logos are trademarks of The Canadian Real Estate Association.